Analysis: Bakkt futures trading volumes are on the rise and the hockey stick effect may be on the way

According to The Block, following The recent drop in bitcoin prices, Bakkt futures trading volumes are soaring and hockey stick growth may be on The way. Bitcoin futures trading volumes on Bakkt and the Chicago mercantile exchange have both surged at least 100 per cent recently, according to data analysis, and shorting could fuel activity on the platforms.

 

 
In response, Dave Weisberger, a market expert, predicts that Bakkt growth is likely to continue. CoinRoutes founder Weisberger said new markets typically build slowly, but in some cases there is a hockey stick effect.

Note: the hockey-stick Effect, also known as the Hockey stick phenomenon, refers to a fixed cycle (month, season, or year) in which sales are low in the early period, and there will be a sudden increase in sales at the end of the period, and in a continuous cycle, this phenomenon will be repeated, the shape of the demand curve is similar to that of Hockey sticks.

The original link: https://www.theblockcrypto.com/daily/48373/bakkts-volumes-are-soaring-as-bitcoin-sinks-and-it-could-signal-impending-hockey-stick-growth


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