Exchange volumes are at a rock bottom as traders turn away from sluggish bitcoin markets.
Or as the analysts would say, prolonged consolidation setting the stage for an explosive move, to the upside or downside.
I keep seeing predictions it will reach $100,000 by the end of the year. It’d be interesting if that did happen.
Crypto derivatives exchanges experienced a 35.7% drop in volume to $393 billion, the lowest monthly volumes since the start of 2020.