[Question] Volume is low? | Bitcointalksearch.org

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Quote from: tomazmpp on December 20, 2024, 04:53:07 PM

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Using the BTC volume might not help that much

1. How many people own 1 BTC today worth $95,000 vs a few years back when BTC was $10,000? Do you realize that a volume of 10,000 BTC today is greater than 60,000 BTC a few years back in USDT terms?

I would rather you focus on the USD or USDT values.

hugeblack

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Quote from: Catenaccio on December 21, 2024, 04:45:25 AM

It happened years ago but since 2022 bear market with FTX and Terra collapses, people as individual, retail investors to institutional investors have more fear of centralized exchanges and platforms, so they have had a better practice. Withdraw their bitcoins from centralized platforms to their non custodial wallets and keep their bitcoins under their full controls.

It affects trading volume too but there is another reason, they have yet seen big reason to deposit their bitcoin back to exchange accounts for trading, and cashing out.

In every cycle, new investors join and these investors usually do not know much about wallets, so they mostly leave their coins on those platforms where they sell as soon as profits are made, so I do not think that what happened with FTX and Terra will affect the long term.

Catenaccio

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Quote from: hugeblack on December 21, 2024, 04:40:06 AM

True, during the five years there is a decrease in BTC volumes from 1.3 million BTC to less than 500K, Glassnode^[2] has more detailed analysis about On-chain volumes and the reasons for this decrease, but in general it can be an indicator of:
- Investors' lack of trust in centralized exchanges.
- Bitcoin price is still low and many do not want to sell.

[1] https://data.bitcoinity.org/markets/volume/5y?c=e&t=a
[2] https://glassnode.com/

It happened years ago but since 2022 bear market with FTX and Terra collapses, people as individual, retail investors to institutional investors have more fear of centralized exchanges and platforms, so they have had a better practice. Withdraw their bitcoins from centralized platforms to their non custodial wallets and keep their bitcoins under their full controls.

It affects trading volume too but there is another reason, they have yet seen big reason to deposit their bitcoin back to exchange accounts for trading, and cashing out.

hugeblack

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Quote from: tomazmpp on December 20, 2024, 04:53:07 PM

Maybe it's an issue with TradingView indicator/change of methodology... Anyone knows?

Is Volume low? (That's BTC volume, not USD)

Quote to show image.

There is another source for Bitcoin trading volumes^[1] and this is a screenshot:

True, during the five years there is a decrease in BTC volumes from 1.3 million BTC to less than 500K, Glassnode^[2] has more detailed analysis about On-chain volumes and the reasons for this decrease, but in general it can be an indicator of:
- Investors' lack of trust in centralized exchanges.
- Bitcoin price is still low and many do not want to sell.

[1] https://data.bitcoinity.org/markets/volume/5y?c=e&t=a
[2] https://glassnode.com/

joniboini

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Which indicator are you using, though? I remember seeing so many custom volume indicators on their page. Some of them only show the difference between buying and selling activity for example, so it doesn't tell the whole story. Also, when you said BTC volume, doesn't this mean that when BTC's price relative to USD increases, you'll see fewer bars because people will trade with less Bitcoin? I also remember that you can click each bar and see how much it's worth. CMIIW. Can you no longer do that?

Odusko

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Don't know what you mean, but since it is about Bitcoin trading volumes you have to move this thread to trading discussions board.
https://bitcointalk.org/index.php?board=8.0

tomazmpp

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Hi, please don't kill me if that's a stupid question:

I'm looking at the chart and I noticed something off with the volume indicator.

Maybe it's an issue with TradingView indicator/change of methodology... Anyone knows?

Is Volume low? (That's BTC volume, not USD)

https://i.imgur.com/wwIL6ON.png

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