According to Deep Tide TechFlow news, on May 22, CryptoQuant analyst Axel Adler Jr analyzed that since the collapse of Luna, the weekly average trading volume of the BTC/USD trading pair on centralized exchanges has been steadily declining. The data shows that the trading volume of this pair has dropped from a peak of 2.9 million in July 2022 to 426,000 yesterday.
Analysts believe that this could be a long-term bullish signal, as the decrease in the available supply on the exchange will create upward pressure on prices.
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According to Deep Tide TechFlow news, on May 22, CryptoQuant analyst Axel Adler Jr analyzed that since the collapse of Luna, the weekly average trading volume of the BTC/USD trading pair on centralized exchanges has been steadily declining. The data shows that the trading volume of this pair has dropped from a peak of 2.9 million in July 2022 to 426,000 yesterday.
Analysts believe that this could be a long-term bullish signal, as the decrease in the available supply on the exchange will create upward pressure on prices.