Bitcoin Trading Volume Surges To Highest Since Dec 2021

2022-6-17 22:00

Data shows the  daily Bitcoin trading volume surged to its highest value since December 2021 on Monday, the day of the crash.

Bitcoin Trading Volume Spikes Up As Activity Increases In The Market

As per the latest weekly report from Arcane Research, the BTC spot volume increased to around $15.7 billion during the crash.

The “daily trading volume” is an indicator that measures the total amount of Bitcoin being transacted on the network on any given day.

When the value of this metric increases, it means the number of coins exchanging hands on the chain is going up.

Such a trend shows that activity on the BTC network is rising up as investors are becoming more interested in trading the coin.

On the other hand, declining values of the trading volume suggest the Bitcoin network is becoming more inactive.

Related Reading | Bitcoin Hashrate Shoots Up To New All-Time High Amid Crash

This may be because of a general lack of interest around the crypto, or simply due to investors waiting for specific price levels before they make their moves.

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

The value of the indicator seems to have shot up in recent days | Source: Arcane Research's The Weekly Update - Week 23, 2022

As you can see in the above graph, the 7-day average daily Bitcoin trading volume has observed a rise in the last few days.

When the crypto’s price crashed down into the low 20ks on Monday, the single day value of the indicator was around $15.7 billion.

Related Reading | Bitcoin Holders To Remain Cautious As Correlation With Stocks Continues

This value is the highest the metric has seen since the December of last year. Prior to this, the activity on the network was pretty lackluster throughout most of 2022.

The report notes that as the market was now experiencing extreme fear for the 56th consecutive day, the chaos on Monday finally pushed investors to make some moves.

The flood of sell orders by these Bitcoin holders lead to the price further crashing, and to the trading volume shooting up.

BTC Price

At the time of writing, Bitcoin’s price floats around $21.2k, down 30% in the last seven days. Over the past month, the crypto has lost 31% in value.

The below chart shows the trend in the price of the coin over the last five days.

Looks like the value of the coin is hanging around the $21k level | Source: BTCUSD on TradingView

During the crash, Bitcoin went down to as low as $20k, before recovering a bit to the current level. Since then, it has mostly been moving sideways over the last couple of days.

Featured image from Unsplash.com, charts from TradingView.com, Arcane Research

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Volume Network (VOL) на Currencies.ru

$ 0.0001001 (-0.02%)
Объем 24H $0
Изменеия 24h: 0.10 %, 7d: 0.11 %
Cегодня L: $0.0001001 - H: $0.0001001
Капитализация $0 Rank 3549
Доступно / Всего 0 VOL

volume trading bitcoin 2021 crash highest arcane

Источник: bitcoinist.com

volume trading → Результатов: 126


Crypto Demand in South Korea Surges as Bithumb Records 15 Percent of Total Volume

Over the last 48 hours, the daily trading volume of crypto exchanges in South Korea has surged substantially by a range of 10 to 15 percent. Bithumb, the largest cryptocurrency trading platform in the local market by trading volume, has seen a spike in daily trading volume of the Bitcoin-to-South Korean won pair, which has […] The post Crypto Demand in South Korea Surges as Bithumb Records 15 Percent of Total Volume appeared first on CryptoSlate.

2018-11-5 13:10


Фото:

Top 6 Cryptocurrency Exchanges With the Highest Weekly Trading Volume – 2018 Week 40 Edition

A lot of people consider Binance to be the world’s leading cryptocurrency exchange. In reality, that is not exactly true, primarily because BitForex generates more volume. CoinMarketCap excludes this exchange, but these are the “official” exchanges ranked by ascending trading volume in the past seven days.

2018-9-22 21:00


Фото:

Exchanges Round-Up: CME Volume Doubles Q2, Lawyer Predicts SEC Delays ETF Until March

In recent news pertaining to cryptocurrency exchanges, Chicago Mercantile Exchange (CME) has revealed that trading volume on its bitcoin futures markets nearly doubled during Q2; lawyer Jake Chervinsky has predicted that the United States Securities and Exchange Commission (SEC) may postpone its determinations regarding Vaneck’s proposed bitcoin exchange-traded fund (ETF) until March 2019; and Bitmex […] The post Exchanges Round-Up: CME Volume Doubles Q2, Lawyer Predicts SEC Delays ETF Until March appeared first on Bitcoin News.

2018-7-27 06:45


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Not Out Of Danger Yet, NVT Golden Cross Warns

On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross still has a high value, a sign that may be bearish for BTC. Bitcoin NVT Golden Cross Is Still Near Historical Top Zone In a CryptoQuant Quicktake post, an analyst discussed the recent trend in the NVT Golden Cross for BTC and its implications for the price.

Bitcoin Hash Ribbons Form Capitulation Signal: What It Means

On-chain data shows the Bitcoin Hash Ribbons have recently gone through a crossover. Here’s what it could mean for the cryptocurrency. Bitcoin Hash Ribbons Suggest Miner Capitulation Is On As explained by CryptoQuant community manager Maartunn in a Quicktake post, miners are capitulating right now if the Hash Ribbons indicator is to be believed.

Bitcoin Deja Vu: Indicator Mirrors Pattern That Led To 2021 Top

On-chain data suggests a Bitcoin indicator is currently mirroring the same trend that led to the top of the bull run in 2021. Bitcoin Long-Term Holder Distribution Appears To Be Ending As explained by CryptoQuant community manager Maartunn in a post on X, the BTC long-term holders are currently showcasing a trend that’s reminiscent of […]

Bitcoin HODLer Profit-Taking Calms Down After Wild Selling Spree: Green Sign For Rally?

On-chain data shows the Bitcoin long-term holders have finally cooled off their profit-taking after showing a wild selloff just earlier. Bitcoin Coin Days Destroyed Has Calmed Down For BTC Recently As pointed out by BTC on-chain research account “The Bitcoin Researcher” in a post on X, the Coin Days Destroyed In Profit metric has declined […]

Bitcoin Supply Shock: Exchange Inflow Trend Lowest Since 2015

On-chain data shows the Bitcoin exchange inflow trend has been at its lowest in almost a decade recently, a sign that may be bullish for the asset. Bitcoin Exchange Inflows Have Been On The Decline Recently As pointed out by CryptoQuant author Axel Adler Jr in a post on X, the BTC exchange inflows have […]

Bitcoin To Reach Escape Velocity? Analyst Makes The Case

An analyst has explained how Bitcoin seems to be showing a good setup to reach escape velocity based on the trend in this indicator. Bitcoin VWAP Oscillator Has Been Showing A Bullish Divergence As explained by analyst Willy Woo in a new post on X, a bullish divergence has appeared to be forming in the Volume-Weighted Average Price (VWAP) oscillator of the cryptocurrency.