Express
Glassnode: Bitcoin Transaction Volume Hits A One-Month Low
Summary: According to the data provided by Glassnode, Bitcoin's trading volume (7-day moving average) hit a one-month low of $8,299,465,422.01. The main reason may be related to the negative performance of the crypto market. According to data from the Bitpush Terminal, Bitcoin has fallen by 26% since last month. Traders are unwilling to buy and sell frequently in ...
According to the data provided by Glassnode, Bitcoin's trading volume (7-day moving average) hit a one-month low of $8,299,465,422.01.
The main reason may be related to the negative performance of the crypto market. According to data from the Bitpush Terminal, Bitcoin has fallen by 26% since last month. Traders are unwilling to buy and sell frequently in order to wait for the market to rebound.
Analysts also said that as the holiday season is around the corner, more and more retail traders leave the market, the traditional financial market has a sharp decline in transaction volume at the end of the year, while crypto on-chain trading activities are also decreasing, which is normal.
By Mary Liu
