The Bitcoin Trading Volume has plunged down to the lowest level since 2020, as per an Arcane Research report.
BTC Trading Volume Plunges To Lowest Since December 2020
According to an Arcane Research report, the Bitcoin trading volume has seen a new daily low this weekend. The indicator had already plunged a week ago, but activity on exchanges has fallen even further now.
Below is a chart showing how the BTC daily trading volume has changed since June of last year:
The Bitcoin trading volume seems to be falling even further | Source: Arcane Research
As is clear from the chart, the 7-day average BTC daily trading volume has dipped to a new low for the year at about $2.2 billion.
A notable feature of the graph is that the value of the indicator right now is the same as what it was on 14 December 2020. The 2021 bull run started soon after this date where Bitcoin