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 daily volume means more people are holding than trading it which will make the price to be increased in the long term but in short term it maybe easier to manipulate the prices but when someone starts to liquidate their funds will increase the demand back.