What Does the Bitcoin Market Price for Buying Mean (What Causes the Bitcoin Buying Price to be Higher than the Selling Price)
What does the Bitcoin market price for buying mean? What does the Bitcoin market
What does the Bitcoin market price for buying mean? What does the Bitcoin market price for buying mean?
If calculated according to the current exchange rate, the price of Bitcoin is around $10,000. This means that Bitcoin has already been speculated to a certain height. However, for many investors, buying Bitcoin does not have a significant impact. For the market, the premium effect caused by large price fluctuations and low liquidity prevents people from exchanging cryptocurrency for fiat currency for trading.
Therefore, in order to better determine whether Bitcoin has a hedging function and how to effectively utilize these factors to impact investment portfolios, we can make corresponding decisions based on the current market performance of Bitcoin.
What Causes the Bitcoin Buying Price to be Higher than the Selling Price
According to CoinMarketCap data, Bitcoin has risen by 5% in the past 24 hours. However, its price did not change along with the downward trend, resulting in a much higher buying price than the selling price for Bitcoin. Some analysts even attributed this to the sluggish state of the cryptocurrency market. 1. Market sentiment: Due to increasing interest from institutional investors, growing demand, and an increase in retail traders, Bitcoin is rapidly gaining strength. 2. The increase in spot trading volume and over-the-counter trading volume indicates that there is a lot of buying pressure in the current market.
3. Futures market: When exchanges open new contracts, it triggers bullish demand; when shorts are liquidated and arbitrage takes place, it may create greater selling pressure. 4. How do leverage funds operate? On May 12th, data released by CME showed that there are currently over $50 million worth of Bitcoin options expiring. Although the number of outstanding contracts has decreased, these funds are still locked at a relatively low level. If longs cannot sell Bitcoin in the future, this asset may incur losses.
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