$STEEM surged today 🤯
A few hours ago, STEEM price soared suddenly. Unfortunately, it dumped again. I expected it would break $0.1 this time. What a shame.
I said that most altcoins are traded on Binance Futures. Futures trading volume is much more than spot trading volume on Binance exchange.
I compared STEEM spot trading volume on Upbit exchange and STEEM Futures trading volume on Binance exchange. They are almost similar.
So, I assume that MM(Marke Maker)s on Upbit exchange is leading prices first. Then, it seems that future traders are used as fuel to surge more.
This is always a shocking feeling as I login to my Binance exchange, seeing Steem still on $0.05464 ,I was expecting something good and nice,but none.
Reading through your post,I still have fear if Steem will raise again as in last 2 years.
But ny question is , what will be the next level in the future to all steemians
Base on this your comparison, what will be the Way Out
" I compared STEEM spot trading volume on Upbit exchange and STEEM Futures trading volume on Binance exchange. They are almost similar.''
#s34engagement
El pump de STEEM se ve claramente en el gráfico que compartiste, pero el volumen on-chain no acompañó y por eso el dump fue rápido. La comparación entre spot de Upbit y futuros de Binance es interesante, aunque el market maker lidera y los futuros amplifican. ¿Tenés el dato del open interest justo antes del pico?