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.

According to market data, Bitcoin fell 2.76% in 24 hours, with the latest price at $39,682, falling below $40,000 for the first time since March 15. At the same time, Ethereum also fell 14%, with the latest price at $2,969, falling below the $3,000 mark for the first time since March 23. The simultaneous retracement of Bitcoin and Ethereum has affected the overall cryptocurrency market, with the crypto market falling 8.5% in 24 hours and its market value shrinking. Many investors may not understand the Bitcoin 24H volume introduced above, so what does Bitcoin 24H volume mean? Let the editor of the currency circle explain Bitcoin 24H volume to you in a popular way.

 What does Bitcoin 24H volume mean?

24h volume refers to the 24-hour trading volume. Digital currency is open all year round, and the digital currency platform provides investors with 24-hour trading time. Investors can trade digital currency even on statutory holidays. Digital currency does not require manual operation, so there is no need to close the market.

Digital currency supports same-day buying and selling and buying and selling at any time. The currency has high liquidity and can be flexibly converted into cash. The digital currency market is divided into international and domestic digital currency trading markets. China prohibits the sale of digital currency, resulting in many closures. 24h volume represents the total number of transactions in one day internationally or domestically. Due to the time difference between China and abroad, there is a difference between domestic and international 24h volume.

Investors need to refer to the actual trading time of the trading platform. The mainstream digital currencies in the currency market include Bitcoin, Litecoin, etc. Popular small currencies only support BTC and ETH. Digital currency is a non-custodial digital currency that is issued and managed by developers and used by virtual members. Many countries do not accept the value of digital currency. When digital currency becomes legal tender, the consequences are unimaginable.

 Bitcoin 24H volume indicator function

1. Reflect reliable trading platform

Bitcoin and other cryptocurrencies can be traded on various trading platforms (such as,, etc.), or OTC trading centers (such as Localbitcoin, etc.), and each trading platform often has different prices. Therefore, in the world of cryptocurrencies, the amount of trading volume actually reflects which platforms these currencies are mainly traded on.

2. Predict price rises and falls

As we mentioned above, observing trading volume is usually referred to together with time, because comparing and analyzing trading volume within 24 hours, a week or even three months can let us know whether the price trend of cryptocurrencies is healthy or not.

For example, when the price rises and the trading volume does not increase accordingly, this wave of increase may be a false fire, reflecting the inconsistency between investors and market performance.

In other words, mainstream investors feel that the current price is not worth it, and the increase may be just the operation of some speculators. When it is insufficient to take over, the price is likely to turn down.

The same situation is also reflected in the falling market. For example, when the price of Bitcoin falls, but the trading volume has not increased, it only means that the market does not agree with the decline, and the price will have a chance to rebound in a short time.

The above content is the popular explanation of the 24H volume of Bitcoin by the editor of the Coin Circle. In fact, the trading volume of Bitcoin will definitely affect the trend of Bitcoin under certain circumstances, so investors must pay attention to it. Before investing in Bitcoin, it is best to have a certain understanding of the recent trading volume of Bitcoin. In addition, we can also understand some other market indicators. Only in this way, we will not be in a hurry when we find problems after investing, and at the same time, it can reduce some unnecessary losses for us. If you want to learn more about the relevant knowledge, you can pay attention to the Coin Circle. The editor of the Coin Circle will continue to update relevant reports later.