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?
little volume because some traders have left the market after Bitcoin halving, there is no fomo anymore for now, the accumulated zone will be in the range of $ 7000- $ 9000 in my opinion
id be more believe if you say they leave because of the corona virus but leaving because halving was over ? sounds akward to me . people are excited to see what halving brings on the price and thats the reason why people enter . that causes fomo . the accumulated zone you list were fine , 7k usd is consider low snd good buy point because price probably will return easily but 9k as buy point is still high knowing the increase wont likely exceed over 10k these times