Bitcoin Trading Volume Stabilizes At Lows Of July 2021 As Market Sleeps

Data shows the weekly average Bitcoin trading volume has stabilized around the same lows as July 2021 as market activity remains low. Bitcoin Trading Volume Has Stayed Low In Recent Weeks According to the latest weekly report from Arcane Research, the BTC trading volume has sunk down to July lows recently. The “trading volume” is an indicator that measures the total amount of Bitcoin being transacted on the chain in a day. When the value of this metric goes up, it means investors are moving a higher number of coins right now. Such a trend suggests the market activity is going up as holders become more interested in trading. On the other hand, a downtrend in the indicator implies the Bitcoin market is turning more inactive currently. This may show a general lack of interest in the crypto among investors at the moment. Now, here is a chart that shows the trend in the BTC trading volume over the past year: The indicator's value seems to have been at low values recently | Source: Arcane Research's The Weekly Update - Week 15, 2022 As you can see in the above graph, the daily Bitcoin spot trading volume has struggled a lot recently, and has declined to 7-day average values of around just $3 billion. Related Reading | Now Or Never: Bitcoin Builds Base At Decade-Long Parabolic Curve The metric is now at the same lows as July of last year. Back then, the price had been consolidating sideways for a couple of month...