Bitcoin volume is extremely low right now. It’s still higher than the 2017 bull run but way down from March 2020 highs (im assuming that was the RONA Crash of 2020?)
What effect does this low volume have on price? I understand what it really does is allow bigger swings to happen as less money is needed to move the market.
I’m curious if anyone can give me some insight?
Low volume means that sellers had dried out and buyers hope to get Bitcoin at a cheaper price. Volume is higher then at any other time beside this year. We will get new all time high volume sooner or latter.