On-chain data shows Bitcoin and the altcoins have seen their trading volume decline recently, a sign that trader interest in the market is waning. Trading Volume Is Down Across The Cryptocurrency Sector In a new post on X, the on-chain analytics firm Santiment has discussed about how the trading volume has changed for the various assets in the cryptocurrency sector. The “trading volume” here refers to a measure of the total amount of a given coin that was involved in trading activities on all exchanges during the past 24 hours. This metric shouldn’t be confused with the “transaction volume,” which keeps track of the amount involved in transfers across the network, including peer-to-peer (P2P) trades. Related Reading: Bitcoin Investors Shift To Strong Distribution As Demand Fades, Glassnode Reveals When the value of the trading volume is rising, it means the investors are engaging in more trades on the exchanges. Such a trend implies the interest in the cryptocurrency is on the increase. On the other hand, the indicator witnessing a decline suggests the traders may be pay ..
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