Bitcoin Trading Volume Has Now Stabilized At High Values, But For How Long?

Data shows the Bitcoin trading volume now seems to be stabilizing at higher values than 2022’s average, but given the trend in the metric this year so far, it may not last too long. 7-Day Average Bitcoin Trading Volume Has Remained Fixed Around $5 Billion Recently According to the latest weekly report from Arcane Research, after staying at low values for much of 2022, the BTC trading volume looks to have found some ground at high values recently. The “daily trading volume” is an indicator that measures the total amount of Bitcoin being transacted on the blockchain on any given day. When the value of this metric goes up, it means the BTC network is becoming more active as a larger amount of coins are being moved around on the chain. On the other hand, when the value of the volume decreases, it implies the network is turning less active. Such a trend may be there because investors are waiting for the crypto to reach certain price targets before they make their move. It may also just show a general lack of interest around Bitcoin at the moment. Related Reading | Bitcoin Exchange Reserve Has Now Reached An Equilibrium After 2 Years Of Downtrend Now, here is a chart that shows the trend in the BTC trading volume over the past year: The indicator seems to be at high values for 2022 right now | Source: Arcane Research's The Weekly Update - Week 9, 2022 As you can see in the above graph, the Bitcoin trading...