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Adam Livingston reports that SATA is dominating the digital credit market, with daily trading volumes hitting new highs over the last four sessions. The progression saw volumes rise from 591K to 717K, then to 1.03M, and finally reaching 1.60M.
According to Livingston, the latest session reached a fresh all-time high, standing at 3.2 times the trailing average. Notably, today's organic trading volume surpassed the Jan 22 follow-on offering day by 62%, marking the first time secondary market demand has exceeded previous records.
Earlier, Livingston described SATA as a Bitcoin-based vehicle with daily payments challenging the U.S. dollar through speculation in recent coverage. He has also reported Bitcoin's composite relative strength versus major assets falling to its lowest seventh percentile in 14 years, detailed in a separate article. These previous reports set context for the current surge in SATA trading volumes.