The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

It is not difficult to understand that Bitcoin trading volume refers to the number of transactions completed within a certain period of time, which is reflected in the form of volume columns. If you sell one Bitcoin and I buy one Bitcoin, we will complete the transaction, and the trading volume is 1. In theory, in any trading market, trading volume is one of the most important indicators. Bitcoin trading volume is directly related to Bitcoin trends and market popularity. Below, the editor of the currency circle will tell you in detail whether Bitcoin trading volume is large? And how to view Bitcoin trading volume?

 Is Bitcoin trading volume large?

The total number of Bitcoin transactions is 462 million, the number of unconfirmed transactions is 45,000, and the 24-hour trading volume is 1.0363 million.

In early 2019, Bitwise found that 95% of the Bitcoin trading volume reported on CoinMarketCap.com was fake.

Bitwise concluded that only 10 exchanges can accurately report trading volume. Subsequently, Alameda
Research found that although many exchanges did generate false trading data, the actual trading volume was much higher than Bitwise's findings.

 How to view Bitcoin trading volume?

1. Volume expansion:

Refers to the phenomenon that the trading volume is significantly enlarged compared with the previous period. It is divided into horizontal volume expansion and vertical volume expansion.

Horizontal volume expansion: refers to the process of increasing the current trading volume relative to the previous adjacent trading volume, which is the result of comparing with the trading volume in the previous period. It is also called relative volume expansion or regional volume expansion.

Vertical volume expansion: refers to the continuous volume expansion on the day. In addition to indicating active trading on the day, it also indicates the increase in turnover rate.

Abnormal trading volume, sudden increase in volume and uneven volume, surge or plunge, pay more attention.

2. Volume reduction:

Refers to the phenomenon that the trading volume of a certain currency has been significantly reduced compared with the previous period. Most investors' opinions on the future trend of the market are gradually converging, and the transaction is extremely light.

Volume reduction generally occurs in the middle of the trend, and the rise and fall of volume reduction are not real rise and fall. It is usually called fraud, deception, and inducement, which means that this trend cannot be continued.

Both the increase and decrease in volume are rogue. Whether the decrease in volume is compared with the previous one, make a rough horizontal comparison. If there is a clear increase, it is a huge increase. If it is much lower than before, it is a decrease in volume.

Increase in volume: refers to the obvious shrinkage of trading volume compared with the previous one during the price increase of a certain currency. This phenomenon shows that the transaction is only the buying of funds on the market, and the off-market funds are not active in entering the market. Investors can buy appropriately and sell when the price is weak and there is a huge amount of release.

Decline in volume: refers to the obvious decrease in trading volume compared with the previous one when the price of a certain currency falls. Investors can wait until the trading volume shrinks to a certain extent and starts to increase the volume before choosing to buy appropriately.

Increase in volume and sharp drop in volume are not real increases and decreases. They are usually called scams, cheating more, and inducing more, which means that this trend cannot be continued. Slow decline in volume is real.

Increase in volume and decrease in volume are rogue. Whether the decrease in volume is compared with the previous one, make a rough horizontal comparison. It is usually called a scam, cheating more, and inducing more, which means that this trend cannot be continued. Slow decline in volume is real. If there is an obvious increase, it is a huge increase. If it is much lower than before, it is a shrinkage.

3. Pile volume:

It means that the trading volume presents a shape similar to a mound, and the trading volume increases gently. The pile volume reflects a healthy upward trend.

When the price of the currency begins to stop falling and pulls back, the trading volume slowly expands from a low state, forming a pile volume pattern, which means that the main funds are gradually entering, and there will be a big market in the future. This is the time for investors to intervene; but when the price of the currency is at a high level, the pile volume appears, indicating that the main force has the intention to profit from shipments, and the future market is bearish. At this time, investors should actively sell.

4. Sky volume:

Describes the number of transactions on the day as very large, and the largest volume column in a region.

Usually reflects that the market trading activity is particularly high. If it is at the bottom, there is a great chance of rising. If there is a sudden sky volume, be careful that the market has peaked and control the position.

The editor of the currency circle kindly reminds you that in the process of Bitcoin transactions, you should never underestimate the means of scammers. There are many routines related to Bitcoin fraud, especially for inexperienced novice players. These insidious scams may make you defenseless. Therefore, although investors do not need to be proficient in everything about Bitcoin, they should still spend some time to understand the core basic concepts from the beginning.