Bitcoin registers an all-time low transaction volume, spot trading fades away

Bitcoin spot trading and on-chain transaction volume plummeted, while ETFs and derivatives dominate the BTC market interest for speculative demand.

The seven-day trading volume plummeted below $14 billion to the same level as 2023, when Bitcoin traded below $30,000.

Moreover, the chart evidences a lack of interest in Bitcoin trading and on-chain transaction volumes, with the second remarkably low. As observed, the network registered only 722,000 BTC moved in seven days. This contrasts with the 1.79 million BTC in October 2023, with a similar trading volume and half the price.

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Complete report on Finbold: https://finbold.com/bitcoin-registers-an-all-time-low-transaction-volume-spot-trading-fades-away/