theory is that the lower price, the less cost of trading,
if the trading funds is fixed, the price is lower, the volume is more.
e.g.
$1000 can trade 10 times at $100/BTC, but it only trade 5 times at $200/BTC
agree you.
if bitcoin price is $50, we can create 10 times volume.
just like now, all volume is lower below 5,000, but the price is also lower than last month, how do you explain?