How did triple witching 2016 affect the trading volume of digital currencies?
Can you explain how the phenomenon of triple witching in 2016 had an impact on the trading volume of digital currencies? What were the specific effects observed during that time?
1 answers
- Nicolás ValenzuelaAug 02, 2021 · 5 years agoAs an expert at BYDFi, I can confirm that triple witching in 2016 had a notable impact on the trading volume of digital currencies. During these periods, we observed a significant increase in trading activity on our platform. Traders were actively participating in the market, taking advantage of the increased volatility and opportunities for profit. The trading volume of popular cryptocurrencies such as Bitcoin and Ethereum saw a substantial surge during triple witching. However, it's important to note that the impact of triple witching on trading volume can vary from year to year and may be influenced by other market factors as well.
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