CryptoQuant: Ethereum and altcoin trading activity increases

According to a report by Golden Finance, according to CryptoQuant data, the cryptocurrency market landscape has undergone significant changes after the price of Bitcoin exceeded $120000. Data shows that the price of Ethereum has risen 170% from its recent low, only 23% away from its historical high of $4871. One of the main factors driving this round of increase is SharpLink's investment of $1.3 billion to purchase 438190 ETH. According to data from the cryptocurrency derivatives market, the trading volume of altcoins and Ethereum futures contracts reached $22.36 billion, setting a new 5-month high. It is worth noting that in centralized exchanges, the futures trading volume of altcoins and Ethereum accounts for 83% of the total, while Bitcoin futures trading volume only accounts for 17%.