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"Is Bitcoin Gearing Up for a Bull Run? Volume Data Suggests So"
Declining Bitcoin $BTC Trading Volume May Signal Long-Term Bullish Momentum
By Rana Anees
Recent data suggests a major shift in Bitcoin market dynamics that could point toward a sustained bullish trend. According to insights shared by analyst Axel on BlockBeats, the weekly trading volume for the BTC/USD pair on centralized exchanges has experienced a dramatic decline.
Since the LUNA crash in mid-2022, Bitcoin trading activity has steadily reduced. At its peak in July 2022, weekly volume stood at around 2.9 million $BTC . In comparison, the latest data shows a significant drop to just 426,000 $BTC .
This downward trend in exchange-traded volume indicates a tightening supply of Bitcoin available for immediate trading. Historically, when supply on exchanges decreases, it can lead to increased buying pressure, particularly when demand picks up.
Lower exchange reserves often suggest that investors are holding onto their assets rather than preparing to sellâan indication of long-term confidence. This shift in market behavior may serve as a positive signal for Bitcoinâs price trajectory in the months and years ahead.
While short-term volatility remains part of the landscape, this reduction in available BTC on trading platforms could mark the foundation of a broader bullish narrative.
#bitcoinđ„đ„ .
By Rana Anees
Recent data suggests a major shift in Bitcoin market dynamics that could point toward a sustained bullish trend. According to insights shared by analyst Axel on BlockBeats, the weekly trading volume for the BTC/USD pair on centralized exchanges has experienced a dramatic decline.
Since the LUNA crash in mid-2022, Bitcoin trading activity has steadily reduced. At its peak in July 2022, weekly volume stood at around 2.9 million $BTC . In comparison, the latest data shows a significant drop to just 426,000 $BTC .
This downward trend in exchange-traded volume indicates a tightening supply of Bitcoin available for immediate trading. Historically, when supply on exchanges decreases, it can lead to increased buying pressure, particularly when demand picks up.
Lower exchange reserves often suggest that investors are holding onto their assets rather than preparing to sellâan indication of long-term confidence. This shift in market behavior may serve as a positive signal for Bitcoinâs price trajectory in the months and years ahead.
While short-term volatility remains part of the landscape, this reduction in available BTC on trading platforms could mark the foundation of a broader bullish narrative.
#bitcoinđ„đ„ .
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#BNBđ„ #ethereum #ETH #Binance #bitcoinđ„đ„ $BEAMX $BTC $AGIX
The new MC token will take on the BEAMX ticker on Binance. This is different from network viewing.
The $BEAM token serves as the native cryptographic asset for the Beam Network, a gaming network powered by the Merit Circle DAO. Beam is an ecosystem where gamers and developers come together to shape the future of the gaming industry. One of its key components is the Beam SDK, which is a flexible software development kit that allows game developers to choose from a variety of tools that can be used to power and structure their in-game blockchain elements.
To interact with Beam, $BEAM is required. This is the native crypto asset used on the Beam network to pay for transactions. This not only includes asset transfers, but also involves all interactions with smart contracts on the Beam network, facilitating an engaging and seamless gaming experience.
In addition to functioning as a gas token that powers the Beam network, $BEAM is the heart of Merit Circle DAO governance. This decentralized autonomous organization (DAO) was born in early 2021 to revolutionize the gaming industry. The $BEAM token allows its holders to participate in the governance of this DAO.
The new MC token will take on the BEAMX ticker on Binance. This is different from network viewing.
The $BEAM token serves as the native cryptographic asset for the Beam Network, a gaming network powered by the Merit Circle DAO. Beam is an ecosystem where gamers and developers come together to shape the future of the gaming industry. One of its key components is the Beam SDK, which is a flexible software development kit that allows game developers to choose from a variety of tools that can be used to power and structure their in-game blockchain elements.
To interact with Beam, $BEAM is required. This is the native crypto asset used on the Beam network to pay for transactions. This not only includes asset transfers, but also involves all interactions with smart contracts on the Beam network, facilitating an engaging and seamless gaming experience.
In addition to functioning as a gas token that powers the Beam network, $BEAM is the heart of Merit Circle DAO governance. This decentralized autonomous organization (DAO) was born in early 2021 to revolutionize the gaming industry. The $BEAM token allows its holders to participate in the governance of this DAO.
đšđšđš Whale Who Fell Asleep 12 Years Ago Buying #bitcoinđ„đ„ at $8, Wakes Up.
The wallet transferred its entire balance of 500 Bitcoins, worth just under $35 million at current prices, to 284 new wallets.
#HotTrands
#BTCđ„đ„đ„đ„
The wallet transferred its entire balance of 500 Bitcoins, worth just under $35 million at current prices, to 284 new wallets.
#HotTrands
#BTCđ„đ„đ„đ„
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