Here's the thing. From looking at Coinbase's 17/18 run and the equivalent days up until now, the actual average volume is down. There are, as expected, less overall coins in circulation. Which is the point of a deflationary currency. Assumedly, it might raise a bit since the low after the high hasn't happened, but up until the 20k run in 2017, it's pretty fitting.

In the same patterns, the least trading happened in the low's run-up, and the most trading happened shortly after the high; as people realized it was not going to stay there. Interestingly, the volumes traded on those high days were very close.

102819.83
+
102548.43

dec 22 2017 vs jan 11 2021. So yesterday was the 'ok, we're not going back to 45k for a week at least if we even do' moment. Actually, sentiment seems to indicate most agree with the above that it will correct.

On the low trading count day (accumulation for the entire run I suppose), the volumes were 11894.4 and 6253.5.

It seems more as if there are nearly double the traders, but the valuation is about the same. Double demand = double volume. Double volume same demand = double price.

It sorta fits together I guess.