No respite from the bear market is in sight as September proves to be yet another uninspiring month for the crypto market.
continued to be lackluster. This was in stark contrast to the previous years, when traders frequently flipped their holdings for quick profits.Notably, liquid supply of Bitcoin and Ethereum sank further in September, as demonstrated by data from Glassnode. Dwindling faith in the stability of exchanges, along with more lucrative use cases such as staking and long-term HODLing, drove traders to self-custody.
declined in September, signaling that the market would continue to be less active in the near future.Derivatives markets hold a lot of significance for digital assets. This is because, by the very nature, cryptos are speculative and seasoned traders look to profit from potential rises and falls in value.
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