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?
This is natural and nothing to worry about, it is impossible for markets to trend all the time, in fact it is known that trending periods are in fact shorter than ranging periods, which is what we are facing right now, the market has entered a ranging phase which is why it seems unable to escape the narrow range in which it is now, but sooner or later this will change and the price will trend once again in ether direction, so there is no point in worrying about this, just watch the markets and wait until the fireworks begin again.