As we know PBoC - Peoples Bank of China made top exchanges to get fees and stop huge leverages.
The volumes and price there went down for a week or so.
Just few days ago i have made a post where we saw this top10 volumes:
Situation today is different:
This means all people saying China is making everything on fake volumes wasnt right - it IS China that drives the price and volume at this point. They also have the biggest number of miners.
If we sort all currency pairs by volume Asia will also be first.
This counts leverage platforms and BitMex takes the 4th spot. Located in HongKong but made by Americans. So i kept it out of the screen.
BTC Futures trade at 1032 USD
If we check OkCoin futurtes for 17th February (next week) we can see they predict price of 1032 USD at this moment with spot at 1030 right now.
Means the trend should stay similar and just slowly going up.
