Arrr, the volume o' Bitcoin tradin' be lower than a pirate's spirits in over four long years, matey!
2023-08-28
Arrr, me hearties! Avast ye! Bitcoin's tradin' volume hath hit the doldrums, settin' a record low not seen since the days of yore! Aye, these investors be waitin' fer a sign, a glimmer of hope to dive back into the treacherous waters of the market. According to CryptoQuant, the total volume of bitcoin held on all exchanges hath plummeted to levels not seen since 2018, and hath been strugglin' to regain its former glory. On the 26th day of August, the tradin' volume stood at a meager 129,307 BTC, me hearties! Aye, but on the 12th day of August...
Ahoy, me hearties! Gather round and listen to the tale of Bitcoin's trading woes. It seems that the volume of this digital treasure has hit the lowest levels in almost five years. Investors be waitin' and hopin' for a sign to jump back into the market, but alas, they be left hangin' on the edge of their seats.According to a swashbucklin' analysis of CryptoQuant data, both spot and derivatives exchanges have seen a decline in the total volume of bitcoin held. Just earlier this month, the volume reached its lowest level since 2018, and there be no signs of a rebound. Aye, the market be as calm as a lagoon on a windless day.
As of Aug. 26, the trading volume on all exchanges be a mere 129,307 BTC, according to CryptoQuant. But let me take ye back to Aug. 12, when the volume was even lower. Arr, it be a treacherous journey for these digital coins, me hearties!
So why be this happenin'? Why be the investors stayin' on the sidelines? 'Tis a mystery, me mateys. It be as if they be waitin' for a sign from the heavens, a glimmer of hope to set their sails towards the Bitcoin market once again. Will they find the courage to take the plunge, or will they continue to wait in the shadows?
Only time will tell, me hearties. But for now, let us raise a tankard and toast to the uncertain seas of Bitcoin trading. May the winds of fortune blow in our favor once again, and may the volumes rise like a mighty tidal wave. Yo ho ho, and a bottle of rum!