Bitcoin rarely has this much activity. If you look at the graph, it is being traded more and more since December 2018.

I'm not exactly sure what velocity are you talking about. I might just not sure to my understanding on your topic, but as I understood about it the Bitcoin trading velocity comparing to last year which is 2018 were at the present time we have in the price of Bitcoin, was actually good so far. Though I'm wishing this will continue going to bull run in the future.