Bitcoin Trading Volumes Have Collapsed – Here’s What That Means for the BTC Price?

Bitcoin trading volumes have collapsed in the past few days. According to data sourced from CoinGecko, daily Bitcoin trading volumes.

[{"selector":"#anim-a87d34f1-8c53-4ef2-a31f-ca5eff1f8c58","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-db289f6b-b9d1-4d7c-ac45-da74d8894113","keyframes":{"transform":["translate3d(0px, 112.30354%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-58e54ee5-d595-4e68-a43b-e34f6252817a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a9875e39-0ecf-4bb3-8bbd-88a39e2fbd0f","keyframes":{"transform":["translate3d(0px, 42.26897%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5e83c2d0-dc53-4c6c-8cd5-8d6335510655 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(9.533393472445997%, -21.55172250324326%) scale(1.4310344827586206)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

That’s a huge drop after Bitcoin daily trading volumes surged as high as $70 billion earlier in the month, the highest level since the aftermath of the FTX collapse last November.

[{"selector":"#anim-aedc842f-9035-44ef-91d0-8d9de7e0cd8a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-53adb485-df89-4087-b9af-5275479e9664","keyframes":{"transform":["translate3d(0px, -116.06678%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-52bd51c7-1df1-4baf-b971-8609dc5b4911","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f9ff3f91-0eef-473d-ac71-6054c30a05d7","keyframes":{"transform":["translate3d(0px, -129.59065%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0fecf0f7-1389-4106-8ef0-cab13d16534f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-21.874999829338588%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Learn more

Major market makers and institutional players involved in crypto will be more cautious about interacting with Binance if it is about to be labeled an unregistered/unlicensed exchange in the US.

[{"selector":"#anim-14b77610-c3e8-4c6c-a2a4-669ddf4480f5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-ef0a81b6-82ac-4d14-8b41-7999c0998e47","keyframes":[{"offset":0,"transform":"translate3d(0, -207.00602%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -58.210092824%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -19.789775512000002%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -7.431516118%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -3.229293912%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":600,"fill":"both"}]

Deribit’s Bitcoin Volatility Index (DVOL) has been pulling back from earlier monthly highs of 73 in recent days and was last around 62.

[{"selector":"#anim-bcabab6a-c8bb-4412-9b3d-fcc679dcebea [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(57.13638183715845%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Click Below The Link Read More Story

[{"selector":"#anim-1bd57595-f126-419c-a32e-e605cc35ea82","keyframes":{"transform":["translate3d(116.74878%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-76e3dec4-7fe9-44e4-910f-e8498da20660","keyframes":{"transform":["rotateZ(180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}] Visit Us