Ever wondered why Bitcoin sometimes goes quiet?
It’s because of Lackluster volume.
Let’s discover what "L𝗮𝗰𝗸𝗹𝘂𝘀𝘁𝗲𝗿 𝘃𝗼𝗹𝘂𝗺𝗲" is and why it matters for the market!
𝗟𝗮𝗰𝗸𝗹𝘂𝘀𝘁𝗲𝗿 𝘃𝗼𝗹𝘂𝗺𝗲 = 𝗹𝗼𝘄 𝘁𝗿𝗮𝗱𝗶𝗻𝗴 𝗮𝗰𝘁𝗶𝘃𝗶𝘁𝘆. It shows less market interest and less money moving around.
Even though Bitcoin holders are making money, the amount being traded has dropped a lot from its all-time high (ATH). This means fewer people are making big bets and many are unsure what to do.
𝗛𝗼𝘄 𝘁𝗼 𝘀𝗽𝗼𝘁 𝗹𝗮𝗰𝗸𝗹𝘂𝘀𝘁𝗲𝗿 𝘃𝗼𝗹𝘂𝗺𝗲:
Look at the 7-day average of how much Bitcoin is being moved.
𝗪𝗵𝗮𝘁 𝘁𝗵𝗲 𝗽𝗿𝗼𝘃𝗶𝗱𝗲𝗱 𝗰𝗵𝗮𝗿𝘁 𝘀𝗵𝗼𝘄𝘀:
- ATH of $13.8 billion
- Big drop after that
- Price stays high, but volume is low
𝗪𝗵𝘆 𝘀𝗵𝗼𝘂𝗹𝗱 𝘆𝗼𝘂 𝗰𝗮𝗿𝗲?
- Less volume = less liquidity
- Less liquidity = more volatility
This means less excitement in trading, but people are still holding onto their Bitcoin.
Want more insights like this? Follow us for daily crypto nuggets.
Stay informed, stay ahead. 💪
#Bitcoin #Crypto #Blockchain #BTC #MarketAnalysis #InvestorBehavior