The volume represents the total amount of an asset (such as BTC, ETH, USDT, etc.) that has been bought and sold over a certain period of time.
In simple words:
It is a metric that measures the activity and market interest in a trading pair.
Why is volume important?
High volume indicates that many people are trading that pair.
This usually brings more liquidity and lower spread.
Low volume can be a sign of low demand, which can cause more volatility or difficulty in executing large trades without moving the price.
Where do you see the volume on Binance?
In the candlestick chart, you can find a volume bar below each candle.
You can also see the total volume for 24 hours in the header of the pair.
Trader tip on volume:
Volume confirms trends.
If the price goes up and the volume also increases, it is a sign of strength in the trend.
But if the price goes up with low volume… be careful: it could be a false breakout.
Useful data (volume):
On Binance, you can sort the markets by trading volume, ideal for spotting opportunities.
