Ever wondered why Bitcoin sometimes goes quiet?

Itโ€™s because of Lackluster volume.

Letโ€™s discover what "L๐—ฎ๐—ฐ๐—ธ๐—น๐˜‚๐˜€๐˜๐—ฒ๐—ฟ ๐˜ƒ๐—ผ๐—น๐˜‚๐—บ๐—ฒ" is and why it matters for the market!

๐—Ÿ๐—ฎ๐—ฐ๐—ธ๐—น๐˜‚๐˜€๐˜๐—ฒ๐—ฟ ๐˜ƒ๐—ผ๐—น๐˜‚๐—บ๐—ฒ = ๐—น๐—ผ๐˜„ ๐˜๐—ฟ๐—ฎ๐—ฑ๐—ถ๐—ป๐—ด ๐—ฎ๐—ฐ๐˜๐—ถ๐˜ƒ๐—ถ๐˜๐˜†. 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.

๐—›๐—ผ๐˜„ ๐˜๐—ผ ๐˜€๐—ฝ๐—ผ๐˜ ๐—น๐—ฎ๐—ฐ๐—ธ๐—น๐˜‚๐˜€๐˜๐—ฒ๐—ฟ ๐˜ƒ๐—ผ๐—น๐˜‚๐—บ๐—ฒ:

Look at the 7-day average of how much Bitcoin is being moved.

๐—ช๐—ต๐—ฎ๐˜ ๐˜๐—ต๐—ฒ ๐—ฝ๐—ฟ๐—ผ๐˜ƒ๐—ถ๐—ฑ๐—ฒ๐—ฑ ๐—ฐ๐—ต๐—ฎ๐—ฟ๐˜ ๐˜€๐—ต๐—ผ๐˜„๐˜€:

- ATH of $13.8 billion
- Big drop after that
- Price stays high, but volume is low

๐—ช๐—ต๐˜† ๐˜€๐—ต๐—ผ๐˜‚๐—น๐—ฑ ๐˜†๐—ผ๐˜‚ ๐—ฐ๐—ฎ๐—ฟ๐—ฒ?

- Less volume = less liquidity
- Less liquidity = more volatility

This means less excitement in trading, but people are still holding onto their Bitcoin.

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