As Bitcoin spikes $2,500 in 1 day, analyst says the bear trend is technically over

Each contract on Bakkt is equivalent to 1 BTC and as such, 1,179 indicates a daily volume of 1,179 BTC or $11.79 million.

While Bakkt is growing and it is expected to eventually evolve into a platform that accurately reflects demand from accredited and institutional investors, for now, it only accounts for a small fraction of exchanges.

In comparison, BitMEX saw more than $150 million worth of shorts liquidated as reported by CryptoSlate, 50 times larger than the entire daily volume of Bakkt. Read More...

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