Analyst: BTC/USD weekly trading volume on CEX drops to 426,000, signaling a long-term bullish trend
ChainCatcher news, according to CryptoQuant analyst Axel Adler Jr, since the collapse of Luna, the weekly average trading volume of the BTC / USD trading pair on centralized exchanges has been continuously declining. Data shows that the trading volume of this pair has dropped from a peak of 2.9 million in July 2022 to 426,000 yesterday.
The analyst believes this could be a long-term bullish signal, as the decrease in available supply on exchanges will create upward pressure on prices.
Related tags
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
Related tags
