Market videos

In CoinDesk’s November 4 interview, Shubh Varma says perpetual buying versus spot buying was around 7 or 8 to 1; he would prefer roughly 3 to 1 as evidence of healthier spot demand. He describes spot order books as about 20% thinner than historical norms. Varma expects a bullish second half of 2027, possibly as early as the first quarter, if capital rotates from AI toward crypto. He doubts a broad altcoin revival as tokenised assets compete for money.