Glassnode said Bitcoin trading volume has stayed above the low levels seen in August even as BTC has pulled back over the past few weeks. The firm noted that before Bitcoin’s price surge in August, trading volume had fallen to its lowest point of 2023. According to Glassnode, the current volume profile suggests investor interest in the crypto market is still holding up after several months of subdued activity. The update points to steadier market participation than the conditions that preceded the August rally, even with recent price weakness in Bitcoin.
According to ChainCatcher, Glassnode said BTC trading volume remains above the low levels recorded in August, even though Bitcoin has pulled back over the past few weeks.
Glassnode said BTC trading volume had dropped to its lowest level of 2023 before Bitcoin’s price surge in August. The current volume trend, it said, shows that investor interest in the crypto market is still continuing after several months of weak market activity.
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