Dossier
March 2024
Coverage of March 2024 in the Nexus archive.
- Negative funding rates and a ton of liquidity in the 80s
The article highlights older liquidity buildup since March, reaching 96k, and warns against shorting as sideways consolidation precedes upward movement. It predicts a price increase into the 80s, advising buyers to avoid shorting and adopt a 'buy and hold' strategy.
- Crypto in sustained winter as CEX volumes drop 39% in Q1: CoinGecko
Centralized crypto exchange (CEX) trading volumes dropped 39% in Q1 2024, with March recording the lowest monthly volume at $800 billion since November 2023, according to CoinGecko.