Crypto exchanges struggle with weak buying power, Binance posts modest uptick
Crypto exchanges are struggling with weak buying power. Data from CryptoQuant, a crypto analytics platform, revealed on January 4 that only OKX (+0.001), Kraken (+0.004), and Upbit (+0.062) showed positive December monthly averages out of the ten top exchanges.
The remaining seven all showed a negative buying power ratio. Bitget showed the lowest buying power ratio of -1.2083. On the favorable buying power ratio. Upbit exchange showed the highest positive buying power ratio of 0.4209.
Buying power weakens as regional capital splits
On-chain data revealed that Upbit barely sustained positive buying strength at 0.4209, while Coinbase advanced recorded -0.0878, and Kraken was near-neutral at -0.0119. In December, regional capital…
