it is perfectly understandable as the market has been very unstable and extremely unpredictable for the most part of the last couple of months. most traders tend to stay away at times like this which may as well be the reason for the volume drop and also the fact that the buy support is not as strong as it should be.
additionally when a flush comes (like back in January and start of the dump) a lot of newbies will get out of the market after they lost some money and did a panic sell.
Topic: Attendance of crypto-exchanges dropped by 50% - page 2. (Read 224 times)
It's normal guy. This happens to most of markets, from traditional one to modern one, from goods to forex, securities, etc.
It presents the psychological matters. However, it also show us that the bottom of prices shall be created soon
It presents the psychological matters. However, it also show us that the bottom of prices shall be created soon
Attendance of crypto-exchanges dropped by 50%
Poor price indicators of crypto-currencies in January and February prompted many crypto traders to enter the stock exchanges less frequently. Estimates of the total number of visits to trading platforms, based on web traffic, indicate a sharp decline of 50%.
At the same time, web traffic reached its peak in December 2017 and in January 2018, when the crypto-currencies were breaking all the price records.
For example, according to MarketSearchweb analysis, the overall number of visits:
Coinbase: fell by 49% in February, from 123.5 million to 63.1 million visits, reaching 169.5 million visits in December 2017.
Kraken: fell by 56%, from 31.7 million in January to 13.8 million visits in February.
Binance: fell by 54%, from a peak value of 191.5 million to 87.3 million visits.
Bitfinex: fell by 48% in February, from 18.3 million visits, compared with 35.4 million in January and 59.3 million in December 2017.
Poor price indicators of crypto-currencies in January and February prompted many crypto traders to enter the stock exchanges less frequently. Estimates of the total number of visits to trading platforms, based on web traffic, indicate a sharp decline of 50%.
At the same time, web traffic reached its peak in December 2017 and in January 2018, when the crypto-currencies were breaking all the price records.
For example, according to MarketSearchweb analysis, the overall number of visits:
Coinbase: fell by 49% in February, from 123.5 million to 63.1 million visits, reaching 169.5 million visits in December 2017.
Kraken: fell by 56%, from 31.7 million in January to 13.8 million visits in February.
Binance: fell by 54%, from a peak value of 191.5 million to 87.3 million visits.
Bitfinex: fell by 48% in February, from 18.3 million visits, compared with 35.4 million in January and 59.3 million in December 2017.
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