Analysis: Bitcoin skyrocketed to $10,000 last weekend, probably not because of Chinese investors

On October 28th, The Block researched Bitcoin data from $7,500 to $10,000 during last Friday and Saturday. According to the analysis of transaction data in many stages of global mainstream cryptocurrency spot exchanges and futures exchanges, it is found that large orders in long-term exchanges such as BitMEX take precedence over large orders in spot exchanges, so this also means This price increase is likely to be triggered by futures investors. In addition, through the analysis of the trading volume data of exchanges in different countries and regions, The Block also found that the exchanges in the US and Europe have produced huge volume growth, which may mean that the price increase is not triggered by Chinese investors. May be triggered by overseas speculators.