Bitcoin spot trading volume falls to lowest level since 2019 Quick Take
- The volume for all BTC pairs, in BTC, on exchanges fell in April to one of the lowest levels for years.
- The total volume was 6.36 million Bitcoin in terms of spot trading volume.
- According to the Block, the last time it was this low was back in September 2019, posting 6.26 million BTC in the depths of the bear market.
- This is a symptom of an illiquid market โ which has been covered extensively by CryptoSlate.
- The more illiquid the market is, the bigger the price jumps can be to both the upside and downside.
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James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
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