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crypto analysis

07/19 00:51

Demand for Lido soars 

Demand for Lido soars 

Following BlackRock’s filing, investors rushed into the market to accumulate the altcoin.

According to Coinalyze, Lido Dao saw 48.6 million in Buy Volume compared to 45.7 million in Sell Volume on July 17th.

At the time of writing, the altcoin recorded 15.3 million in Buy Volume relative to 13.4 million in Sell Volume.


As a result, the altcoin experienced two consecutive days of positive Buy-Sell Delta, at 2.8 and 1.8 million, respectively. 


Typically, a higher buy volume indicates strong market conviction as investors shift to aggressive accumulation. coinalyze_ldo_buy_vs_sell_volume_spot.png


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