Part of the LMAX Group
Regulated by the Gibraltar Financial Services Commission

KPIs for December 2020

  • Total volumes: $28.6bn (60% MoM growth)
  • Total trades: 5,688,090 (40% MoM growth)
  • Total BTC traded: 1,036,821 coins
  • 17 December 2020 record: $2.16bn traded

Total monthly Volumes
by Client Segment ($M)

Daily Traded Volumes ($M)

Monthly Volumes
by Instrument ($M)

Average Trade Size
by Instrument ($)

BTCUSD - Average Trade Size
by Client Segment ($)

ETHUSD - Average Trade Size
by Client Segment ($)

Macro crypto currency market outlook

The break of $30,000 has turned heads and talk of the asset still being grossly undervalued has inspired another surge in demand towards $40,000. Overall, ongoing adoption, continued innovation in the space and healthy institutional investor appetite have all contributed to this latest wave of strong demand leading to fresh record highs into 2021. Market participants are also drawn to the asset as it proves to be an attractive store of value at a time when governments and central banks continue to print money at unprecedented rates.

    • BTC technical levels:
    • R2 40,000 – psychological – strong
    • R1 35,870 – 6 January/record high – medium
    • S1 27,680 – 4 January low – medium
    • S2 21,910 – 21 December low – strong

Technically speaking, the short-term outlook could however be less constructive in the aftermath of this latest wave of parabolic price action.
Key indicators are tracking in extreme overbought territory across multiple timeframes, warning of a period of correction and consolidation before any meaningful bullish continuation can be expected. At the same time, look for setbacks to now be well supported into the $18,000 – $20,000 area.

Daily volumes Daily
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