Bitcoin trading volume is sluggish, hitting a near two-year low. Is the market about to make a big move?
The seven-day average trading volume activity of the Bitcoin network is sluggish, dropping to 317,000 transactions last Friday, marking a new low since October 2023. In recent days, Bitcoin's price trend has been relatively stable, with only the back-and-forth between Trump and Musk causing a price drop before rebounding to around $106,000.
After the slump in trading volume, the market is sure to welcome a wave of significant fluctuations. Do you think it will rise or fall?