Summary
- Glassnode reported that Bitcoin (BTC) trading volume is declining sharply.
- Spot trading volume and futures trading volume for Bitcoin recorded one-year lows of $5.02 billion and $31.2 billion, respectively.
- It was noted that the downward trend in trading volume continues.
An analysis has indicated that Bitcoin (BTC) trading volume is plummeting.
On the 7th (local time), Glassnode stated on X (formerly Twitter), "Despite being close to an all-time high, Bitcoin trading volume has dropped significantly," adding, "Spot trading volume and futures trading volume for Bitcoin recorded $5.02 billion and $31.2 billion, respectively, marking a one-year low." It further commented, "Trading volume continues to decline."
As of 6:19 PM, based on the Binance USDT market, Bitcoin is trading at $108,801, up 0.72% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
!["No U.S. government backstop" shock…Bitcoin retreats to the $60,000 level; Ethereum also rattled [Lee Su-hyun’s Coin Radar]](https://media.bloomingbit.io/PROD/news/a68e1192-3206-4568-a111-6bed63eb83ab.webp?w=250)
