✅ The average daily trading volume on the#Bitcoinnetwork is around $6.2 billion.

💠 This trading volume has dropped below the yearly average. It shows the market is quiet. (Buyers are not willing to buy high. Sellers are not willing to sell low).

💠 The graph includes 3 lines:

- The black line is the price of #Bitcoin.

- The red line is the trading volume on the#Bitcoinnetwork.

- The blue line is the average annual trading volume.

Source: Glassnode

💠 Note for beginners: The trading volume on the network is different from the trading volume on the exchange. The trading volume on the network is the actual volume of#Bitcointransferred on the Bitcoin network. The trading volume on the exchange is the volume of Bitcoin bought and sold.

- For example: When you buy 1BTC but leave it on the exchange, it is only recorded as transaction volume (buy, sell). This transaction has not taken place on the#Bitcoinnetwork, so it is not recorded as an online transaction. When you withdraw that 1 BTC from the exchange, it will be recorded as an online transaction.