【Aladdin Observation】May 22, 2025
After the collapse of Luna, the weekly average trading volume of the BTC/USD trading pair on CEX has been declining—from a peak of 2.9 million in July 2022 to just 426,000 on the last trading day.
This can be viewed as a long-term bullish signal, as it reduces the available supply on exchanges, thereby applying upward pressure on prices.
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