Data shows the Bitcoin spot trading volume spiked up and reached new yearly highs during the past week.
Bitcoin 7-Day Average Trading Volume Hits New Highs For 2022
As per the latest weekly report from Arcane Research, Binance alone accounted for 89% of the high volumes.
The “daily trading volume” here is an indicator that measures the total amount of Bitcoin being transacted on the Bitwise 10 exchanges each day.
When the value of the metric is low, it means investors aren’t moving around that many coins in spot markets right now. Such a trend can suggest the interest around the crypto is low at the moment as there isn’t much trading activity going on.
On the other hand, the indicator’s value being high implies the market is seeing large activity currently as investors are trading big amounts on exchanges.
Now, here is a chart that shows the trend in the Bitcoin 7-day average daily trading volume over the past year:
The 7-day average value of the metric seems to have been pr
We współpracy z: https://bitcoinist.com/bitcoin-trading-volume-surged-new-yearly-highs-week/
