#MicroStrategyVsNasdaq Bitcoin Update:

Since March, the $70K level on Coinbase has seen a decline in the 30-day moving average (30DMA) $BTC

BTC

77,931.1

-0.43%

trading volume, dropping from $25K per day to $9.7K. 

Essentially, since March, Coinbase users have been limiting sell-side liquidity on the public market, which in turn has fueled upward price momentum.