What does Bitcoin trading volume refer to (Bitcoin’s transaction price)?
What does Bitcoin trading volume refer to? In the field of cryptocurrency tradi
What does Bitcoin trading volume refer to? In the field of cryptocurrency trading, trading volume is one of the important indicators for measuring the overall performance of the Bitcoin market. Generally, investors’ buying and selling activities are carried out at a single price. Generally speaking, when the price of a currency exceeds its target price, there will be an increase in trading volume. However, for those who have not participated through various channels, this situation is often not a good phenomenon. Due to the speculative nature of Bitcoin itself, it is difficult to accurately estimate the daily trading volume and total market value of Bitcoin. However, if we consider the overall size of the market, it can provide us with more detailed, clear information, and more intuitive data.
From a technical analysis perspective, Bitcoin has different sources of demand every day, such as which exchange miners use, or what new projects or products are launched on a certain exchange. The most common of these orders is the issue handled by the BitMEX platform, as traders need to view the latest data on this platform. According to Coinmarketcap, as of the close on November 17, 2018, the market share of BTC spot reached 83.5%.
Bitcoin’s transaction price
According to OKEx trading big data, Bitcoin’s transaction price fluctuates greatly within 24 hours. As time goes on and the price changes, its average trading volume is also constantly rising. Data shows that in the past week, Bitcoin’s daily trading volume reached its highest level in history (close to $120 million), indicating that there is still a large amount of funds flowing into this market.
However, from the actual situation, when investors make large or small purchases, an increase in trading volume often accompanies a certain demand for a retracement. If this trend continues, the buying pressure will gradually increase. (Note: Typically, an order would require tens of thousands of BTC to reach a fixed quantity price).
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