Bitcoin (BTC) Bargain Hunters Active on Kraken and Coinbase, CCData Show
In a recent interview with CoinDesk, research analyst Hosam Mahmoud from CCData shared insights on the buy-sell ratios of major cryptocurrency exchanges. According to Mahmoud, Kraken and Coinbase show stronger buying pressure, with ratios of 250% and 123% respectively. On the other hand, Bybit and Binance have near-parity ratios of 99% and 97%.
This analysis suggests that there is a significant difference in buying pressure between the exchanges, with Kraken and Coinbase experiencing higher levels of buying activity compared to Bybit and Binance. This information can be valuable for traders looking to understand market dynamics and make informed decisions.
Understanding buy-sell ratios can help traders gauge market sentiment and potential price movements. By monitoring these ratios on different exchanges, traders can identify trends and patterns that may impact their trading strategies.
Overall, the data provided by CCData highlights the importance of monitoring buy-sell ratios on various exchanges to stay informed about market dynamics and make well-informed trading decisions.
