Check out my position distribution. Welcome to follow. 7. Spot: Refers to the direct buying and selling of cryptocurrencies without any leverage. 8. Contract: A type of financial derivative that is similar in basic logic to futures, allowing for long (making money when prices rise, losing money when they fall) and short positions (making money when prices fall, losing money when they rise), and allowing for the use of leverage to amplify profits (which also increases losses). 9. Leverage: Unlike contracts, leverage involves trading through borrowed coins, requiring hourly interest payments on the borrowed coins (the interest fluctuates every hour), similar to stock margin trading. 10. Transfer: Cryptocurrency operates under an account segregation system, with initial funds in a capital account. Spot trading requires a transfer to the spot account, while contract trading requires a transfer to the contract account (OKX unifies spot trading and contract trading into a trading account). 11. Market Order: Ensures execution at market order prices as quickly as possible; market orders are always taker orders.
The 7-day average transaction fee on the Bitcoin blockchain has risen to $2.40, an increase of about $1 since early May, reaching a new high for the year. Glassnode data shows that the long-term inactive BTC 'illiquid supply' has reached an all-time high, indicating a decrease in the BTC available for trading on exchanges. If demand rises in the future, it could trigger a supply shock, further driving up prices. Meanwhile, Bitcoin's market dominance has rebounded after a previous decline, which may suggest that its short-term pullback relative to other crypto assets is more influenced by liquidity rather than a structural shift in the market towards 'altcoin season'. (TheBloc
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