While the shift points to increased buying activity in the spot market, the expert highlighted that selling pressure has significantly decreased even as BTC’s price trades above the $100,000 mark. According to Darkfost, this is a more important factor to consider during this rising spot volume.
Following a deep analysis of the trend, Darkfost has underscored two major factors that have typically driven the surge in spot volume. The first factor is a wave of euphoria encouraging investors to minimize risk and seek out additional profits. Meanwhile, the second factor is an acceleration of profit-taking, particularly once new all-time highs are broken.
