Weekly BTC trade volume have surged to dwarf its previous record by 100% amid Bitcoin’s dramatic run up to $40,000.
Bitcoin’s meteoric rally to $40,000 has seen BTC smash its previous all-time high for ‘real’ volume by roughly 100%.
On Jan. 7, Quantum Economics founder Mati Greenspan shared a chart showing that weekly spot volume has surged to double its previous high — according to Messari’s “real volume” metric — with more than $60 billion worth of BTC changing hands over the past seven days.
Messari’s “Real” volume metric was launched to aggregate and adjust the volumes of the top exchanges it believes report legitimate activity — Binance, Bitfinex, Bitflyer, Bitstamp, Bittrex, Coinbase Pro, Gemini, itBit, Kraken, and Poloniex.
The metric was updated in May of 2020 to include an adjusted score for top Asian exchanges including Huobi, OKEx, Gate.io, Bithumb, UpBit, CoinOne, and Liquid using an adjusted score based on information provided by 10 third-party crypto data aggregators.