ביטקאָין בלאָאָדבאַטה אַווייקאַנז פאַרשלאָפן ריז ווי ספּאָט וואַליומז סערדזש

Data shows the Bitcoin carnage has awakened the dead trading volume that had persisted since many months now.

Bitcoin Trading Volume Surges To Highest Value Since December

לויט די לעצטע וואכנשריפט באריכט פון אַרקאַנע פאָרשונג, the latest bloodbath in the crypto market has awakened BTC’s spot trading volume.

די "טריידינג באַנד” is an indicator that measures the total amount of Bitcoin being moved on the chain on any given day.

When the value of this metric rises, it means the market is becoming more active as investors trade larger amounts of the crypto.

On the other hand, a downtrend in the indicator suggests the Bitcoin market activity is going down at the moment.

Historically, high trading volumes have made up for an ideal environment for pushing large price moves. This is because to sustain any such move, a large number of active traders are needed.

פֿאַרבונדענע רידינג | Bitcoin Market Cap Falls By $315 Billion As Crypto Adoption In 2022 Fails To Materialize

It’s also true that any significant price move attracts more traders in return as interest in Bitcoin goes up. Thus, it fuels itself to keep going. In cases when the volume hasn’t surged up in response to a move, the move hasn’t lasted for long before dying off.

Now, here is a chart that shows the trend in the BTC trading volume over the past year:

עס קוקט ווי די ווערט פון די מעטריק איז געוואקסן לעצטנס | מקור: Arcane Research's The Weekly Update - Week 18

As you can see in the above graph, the Bitcoin trading volume had been very quite since a couple of months now.

However, this week the indicator’s value has sharply spiked up as the market has panicked due to the טראַסק in the crypto’s price.

פֿאַרבונדענע רידינג | Extreme Fear Back In Focus: Is It Time To Buy Bitcoin?

On Monday, the daily trading volume amounted to around $13 billion in Bitcoin travelling on the network. This is the highest the value of the metric has been since the 4th of last December.

It now remains to be seen whether the fresh spot volumes will remain to the next week, or if the market will once again fall back to sleep when the selloff is over.

בטק פּרייס

די פּרייַז פון ביטקאָין has now crashed down to lesser values than the low formed in summer 2021. At the time of writing, the coin trades around $28.1k, down 28% in the last seven days. Over the past month, the crypto has lost 29% in value.

די אונטן טשאַרט ווייזט די גאַנג אין די פּרייַז פון די מאַטבייע אין די לעצטע פינף טעג.

The value of the crypto seems to have crashed down over the last few days | Source: בטקוסד אויף טראַדינגוויעוו

פעאַטורעד בילד פֿון Unsplash.com, טשאַרץ פֿון TradingView.com, אַרקיין פאָרשונג