Bitcoin Trading Volume in Korean Market Declines, Bitcoin Funding Rate to Fall?

Bittime - Bitcoin trading volume in the Korean market shows a significant decline. This decline is predicted to have a direct impact on Bitcoin's funding rate, which will also continue to decline.  

Volume Trading dan Funding Rate

Source: Twitter.com/Matrixport 

According to a report released by Matrixport, there is a very close correlation between the trading volume in the Korean market and the Bitcoin funding rate. 

Trading activity in the Korean market has a significant influence on the overall Bitcoin market dynamics. 

When trading volume in the Korean market increases, Bitcoin's funding rate tends to increase as well. Conversely, when trading volume decreases, Bitcoin's funding rate is also corrected.

Impact Decreasing Trading Volume in the Korean Market

In the last few days, trading volume on the Korean market was recorded at below $1 billion for three consecutive days. 

This decline in trading volume could also be an initial indication that Bitcoin's funding rate will continue to decline. 

This reduction is certainly possible influence investment decisions and trading strategies of traders active in the crypto market.

Read Also: South Korea Officially Implements First Crypto Law

Factors that Influence Decrease in Trading Volume

There are several factors that could be the cause of the decline in trading volume on the Korean market. One of them is global economic uncertainty influence market sentiment. 

Apart from that, the existence of strict regulations on crypto trading in Korea can also be an inhibiting factor that makes traders more careful in making transactions.

Not only that, the significant fluctuations in Bitcoin prices also make many traders choose to refrain from trading, especially in the midst of high market volatility. Many traders prefer to wait for the market situation to become more stable.

Korea Blockchain Week

Although currently the trading volume on the Korean market is showing a downward trend, there is hope that this situation will change as Korea Blockchain Week approaches. This event is expected to increase market activity again and improve sentiment among crypto market players.

Korea Blockchain Week is usually an event for industry players to share the latest information and innovations in the world of blockchain and crypto. This event is expected to increase investment interest, thereby increasing trading volume on the Korean market and Bitcoin funding rate.

Read Also: South Korea Considers Delaying Crypto Taxes Until 2028

How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor graphic movement price Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.