Crypto prices tumbled on June 13 to yearly lows. A ripple effect across world economic markets was felt due to reports ofTrading volume metrics are important for investors to take into consideration when trying to identify momentum and volatility in the market. High volume is most often followed by a significant increase or decrease in an asset's price. As is the case with spot and derivatives markets, volume can act as a sign of trend strength of the price movement.
During the market volatility on June 13, 2022, perpetual swap contracts traded volume reached $145.47 billion, the highest recorded so far in 2022. We’ve already mentioned how derivatives volumes can signal trends — here, this high volume is in part due to liquidations from volatility. However, it also suggests a high amount of trading activity.
With Bitcoin’s decrease in price is also worth having a look at the investment profitability of current holders. IntoTheBlock’s Global In/Out of the Money indicator identifies any address with a balance of tokens, the average price at which those tokens were purchased and compares its current price. If the current price is greater than average cost, address is “In the Money.” If the current price is less than average cost, address is “Out of the Money.
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