I think I partially disagree with you here.
a) It is true that July is way lower than May for Huobi
b) That's true everywhere, not just Huobi! Overall volumes were higher.
c) Houbi has slipped a bit, but only from ~23% --> ~20% of global volume.
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This calculation is wrong, Huobi because of regulatory restrictions on the use of contract of Chinese users, the July income is only 20% of May. The July income is not normal. twitter.com/SBF_FTX/status…
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