Data shows the Bitcoin trading volume has declined by 38% since the highs in September as a result of the boring price action in the crypto. Bitcoin Spot Trading Volume Has Plunged Down In Recent Days As per the latest weekly report from Arcane Research, the current 7-day average BTC spot volumes are down to just around $7.9 billion. The “daily trading volume” is an indicator that measures the total amount of Bitcoin being transacted in the spot markets on any given day. When the value of this metric is high, it means the market is active right now as investors are moving around a large number of coins on spot exchanges. Related Reading: Bitcoin Supply In Profit Continues Decline, But Still Not At Historical Bottom Zone On the other hand, low volumes suggest the BTC spot market is inactive at the moment. Such values of the indicator, when persisting, can imply that the general interest around the crypto among traders is low currently. Now, here is a chart that shows the trend in the 7-day average daily Bitcoin trading volumes over the past year: The 7-day average value of the metric seems to have been going down in recent days | Source: Arcane Research's The Weekly Update - Week 40, 2022 As you can see in the above graph, the Bitcoin spot trading volume just recently witnessed a spell of high activity that lasted for many weeks, ultimately culminating in the metric setting a new yearly high last month. However...
