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KaurKirikall

ETH Relative Spot Volumes

KaurKirikall  
Volume spot analysis derivatives Ethereum (Cryptocurrency)
3
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volumestudies spot analysis derivatives ethereum
Compares ETHUSD spot market volumes to ETHUSD perpetual swap volumes.

A higher ratio indicates higher spot buying interest and a more sustained growth overall.

Rallies-driven by spot are deemed more resilient to being affected by high funding rates on futures markets. The long-term trend seems to be increased derivatives volume on ETHUSD contracts making spikes of spot interest more noticeable.

A 200-period Simple Moving Average is applied to indicate a long-term trend.
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