“Whether that’s one of the largest financial services companies in the world launching a stablecoin using public blockchain infrastructure or renewed excitement for futures-based ETH ETFs on the back of a flurry of new applications, both volatility and volume metrics continue to drop to multi-year lows,” David Lawant, head of research at institutional trading desk FalconX, said in a market update.
Source: https://www.coindesk.com/markets/2023/08/17/bitcoin-slides-to-283k-after-leveraged-funds-ramp-up-bearish-bets/?utm_medium=referral&utm_source=rss&utm_campaign=headlines