Peak in Bitcoin spot trading volume reported by CryptoQuant for October

According to CryptoQuant, Bitcoin’s spot trading volume reached its all-time high in October. The surge in activity indicates a transition from derivatives to direct buying, promoting a more stable market amid fluctuations.

Stablecoin reserves on major exchanges show potential buying chances, while long-term Bitcoin holders are locking in profits. This stability from spot trading may help diminish the risk associated with excessive derivatives investments.

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