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Are there any correlations between MOC in stocks and cryptocurrency trading volumes?

avatarDougherty HahnNov 25, 2021 · 3 years ago3 answers

Can we observe any correlations between Market-on-Close (MOC) orders in stocks and the trading volumes of cryptocurrencies?

Are there any correlations between MOC in stocks and cryptocurrency trading volumes?

3 answers

  • avatarNov 25, 2021 · 3 years ago
    Yes, there can be correlations between MOC orders in stocks and the trading volumes of cryptocurrencies. MOC orders are used by institutional investors to execute large trades at the closing price of the market. If there is a significant change in the stock market during the closing period, it can affect the sentiment of investors and lead to increased trading volumes in cryptocurrencies. This correlation can be observed when there is a strong interplay between traditional financial markets and the cryptocurrency market.
  • avatarNov 25, 2021 · 3 years ago
    Definitely! The relationship between MOC orders in stocks and cryptocurrency trading volumes is an interesting one. While it may not always be a direct correlation, there are instances where the movements in the stock market can influence the trading volumes of cryptocurrencies. For example, if there is a major sell-off in stocks, investors may look for alternative investment opportunities, such as cryptocurrencies, leading to an increase in trading volumes. However, it's important to note that the correlation may vary depending on market conditions and other factors.
  • avatarNov 25, 2021 · 3 years ago
    As a representative from BYDFi, I can say that there is indeed a correlation between MOC orders in stocks and cryptocurrency trading volumes. At BYDFi, we have observed that when there is a surge in MOC orders in stocks, there is often a corresponding increase in trading volumes of cryptocurrencies. This suggests that institutional investors who participate in MOC orders also have an interest in cryptocurrencies. It's an interesting trend that highlights the growing intersection between traditional financial markets and the cryptocurrency space.