Data shows the Bitcoin spot trading volume outside Binance has fallen to its lowest value since the February of 2021.
Bitcoin Trading Volume Continues To Tumble As Market Calms Down
As per the latest weekly report from Arcane Research, volume including Binance is still at a high level right now.
The “trading volume” here is an indicator that measures the total amount of Bitcoin moved on the Bitwise 10 exchanges in a day.
While the Bitwise 10 exchanges don’t make up the entire spot market, volumes on them still provide a reliable approximation for trends in the entire sector.
When the value of the trading volume is high, it means investors are taking part in large amounts of trades on exchanges right now. Such a trend suggests the market is active currently.
On the other hand, low values imply holders aren’t showing much activity right now. This kind of trend can suggest the general interest around BTC among traders is low…
