Bad for Bears? Bitcoin’s Trading Volume Has Crashed Since October 9th
Bitcoin’s price action has been rather lackluster as of late, with bulls and bears reaching an impasse following its surge up to the mid-$11,000 region. Each dip is met with significant buying pressure, while each push towards $11,600 is rapidly rejected by bears. This has created a consolidation channel between $11,300 and $11,600. Although neither […]
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The Bitcoin trading volume observed a surge earlier as the price of the crypto crashed below $40k. However, the metric has now once again come back down as the coin has become calmer. Bitcoin Trading Volume Sharply Declines Following A Brief Uplift As per the latest weekly report from Arcane Research, the BTC trading volume […]
The interest in cryptocurrencies continues to wane in 2022, as does Litecoin’s popularity. The trading volume of Litecoin was eight times lower in the first quarter of 2022 than it was in the first quarter of 2021. For example, the trading volume from January to March 2022 was around $82 billion, 87% less than in Q1 2021. In the first quarter of 2021, the trading volume was $674.9 billion. Litecoin (LTC) trading volume crashed by more than $590 billion in quarterly comparison. Related Reading | ApeCoin (APE) Is Now The Biggest Metaverse Token, Edging AXS, MANA, SAND The sharp....
On-chain data shows crypto trading volume on centralized exchanges has fallen to $4.3 trillion, a decline of nearly 50% from the October Bitcoin peak. Crypto Exchange Volume Has Witnessed A Significant Drop According to data from on-chain analytics firm CryptoQuant, the crypto trading volume of the centralized exchanges has been cooling down. The “trading volume” […]
Over the course of October Bitcoin’s price has been on a tear, rising in value. In the first week, Bitcoin.com predicted bullish indicators as the price ramped up to $630 USD per BTC at the time. Now the value of the cryptocurrency is slowly edging towards the $700 mark and was battling resistance at $690 at press time. Bitcoin’s Bullish Value Has Kept....
Dogecoin (DOGE) is facing a steep market cooldown after weeks of heightened trading activity in early October. Data from CoinGlass shows that both Open Interest (OI) and trading volume for DOGE futures have crashed, indicating a sharp decline in the meme coin’s momentum. The latest figures reveal a significant pullback in derivatives activity and spot market participation, suggesting that traders may be retreating from speculative positions as volatility eases. Dogecoin Open Interest Crashes Over 60% Dogecoin’s Open Interest has plunged dramatically from its October highs, reflecting a....