The increase in average trade size could suggest large traders are more active, said research firm Kaiko.
that the U.S. Securities and Exchange Commission must review its rejection of Grayscale Investments' attempt to convert the Grayscale Bitcoin Trust into an ETF on Tuesday.
According to data from Kaiko, the average trade size for bitcoin on crypto exchange Kraken increased to above $2,000 on Tuesday after the ruling, from around $850 the day prior. The last time bitcoin’s average trade size was higher than $2,168 was in June, said research firm Kaiko. The bitcoin average trade size also jumped on most other exchanges.
“This is one of the largest hourly moves since Terra . This is partly due to low liquidity,” said Aubert. “For now, overall volumes did not spike that much and are at their highest level since the Aug 17
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