Rising Transaction Volatility: Potential Impacts on ETH Demand

Rising-Transaction-Volatility-Potential-Impacts-on-ETH-Demand

There are signs that the activity in NFTs and DeFi might be picking up again.

The standard deviation (SD) of withdrawal transactions from exchanges has been rising, suggesting a potential increase in SD which has been quiet since May this year.

Like during past bubble periods, if there's a surge in demand for DeFi and NFTs, it would necessitate an increased supply of ETH. This could lead to higher volatility in its price.


original insight & chat: https://cryptoquant.com/prochart/aY8jB7QF0A1udOz