๐ $BTC volume trend is changing in a positive way.
According to Glassnode, daily spot volume on tracked exchanges has increased 121% during the rally from the August low. Unlike the previous four major volume surges, which came alongside price declines, this time volume is rising together with price. ๐
However, the 7-day average volume remains around 30% below last yearโs levels. This points to early signs of demand recovery, but the trend needs to continue for stronger confirmation.
๐ Rising price + rising volume is encouraging. Now, sustainability of demand will be key.
#BTC Price Analysis# #CMC Quest: Earn Rewards#
According to Glassnode, daily spot volume on tracked exchanges has increased 121% during the rally from the August low. Unlike the previous four major volume surges, which came alongside price declines, this time volume is rising together with price. ๐
However, the 7-day average volume remains around 30% below last yearโs levels. This points to early signs of demand recovery, but the trend needs to continue for stronger confirmation.
๐ Rising price + rising volume is encouraging. Now, sustainability of demand will be key.
#BTC Price Analysis# #CMC Quest: Earn Rewards#