$STEEM surged today 🤯

happycapital (89)in #steem • yesterday

Source: Binance exchange

A few hours ago, STEEM price soared suddenly. Unfortunately, it dumped again. I expected it would break $0.1 this time. What a shame.

I said that most altcoins are traded on Binance Futures. Futures trading volume is much more than spot trading volume on Binance exchange.

I compared STEEM spot trading volume on Upbit exchange and STEEM Futures trading volume on Binance exchange. They are almost similar.

So, I assume that MM(Marke Maker)s on Upbit exchange is leading prices first. Then, it seems that future traders are used as fuel to surge more.

yesterday in #steem by happycapital (89)