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What do you think of Bitcoins trading volume Where can you see

Date:2024-06-02 18:25:11 Channel:Trade Read:

Bitcoin has always been a digital currency that has attracted much attention worldwide, and its trading volume has always been one of the focuses of investors and market observers. So, what do you think of Bitcoin's trading volume? Where can you accurately view Bitcoin's trading data? In this article, we will take a deep look at Bitcoin's trading volume and guide you on how to easily obtain relevant data.

Bitcoin's trading volume has always been one of the important indicators to measure its liquidity and market activity. With the rapid development of the cryptocurrency market, Bitcoin's trading volume has also shown a growing trend. According to statistics, Bitcoin's trading volume has increased significantly in recent times, and market participants' demand for Bitcoin transactions has continued to rise. This phenomenon not only reflects the market's confidence in Bitcoin, but also highlights Bitcoin's important position in the financial field.

One of the most effective ways to accurately understand Bitcoin's trading volume is through professional cryptocurrency trading platforms. These platforms usually provide detailed trading data, including daily trading volume, trading pairs, trading time and other information, to help users fully understand Bitcoin's market performance. For example, well-known exchanges such as Coinbase and Binance publicly display Bitcoin's trading volume data and provide charts to allow users to intuitively observe market dynamics.

In addition, there are some professional cryptocurrency data websites, such as CoinMarketCap, Coingecko, etc., which summarize the data of major exchanges and provide a comprehensive picture of Bitcoin trading volume. These websites usually present data in an intuitive way, allowing users to view the trend of Bitcoin trading volume at a glance, providing an important reference for investment decisions.

In addition to trading platforms and data websites, some cryptocurrency analysis tools are also a powerful tool for understanding Bitcoin trading volume. These tools can not only help users analyze the changes in Bitcoin trading volume, but also conduct in-depth research in combination with other indicators to help users better grasp the pulse of the market. For example, tools such as TradingView and CryptoCompare provide rich charts and analysis functions, allowing users to have a more comprehensive understanding of Bitcoin's market performance.

In today's digital age, it has become relatively easy to understand Bitcoin's trading volume data. Through professional trading platforms, data websites and analysis tools, users can view Bitcoin's trading volume anytime, anywhere, seize market opportunities, and make wise investment decisions. Bitcoin's trading volume data is not only a must-have information for market participants, but also a key indicator for investors to grasp the pulse of the market. Therefore, it is crucial for investors to obtain and accurately understand Bitcoin's trading volume in a timely manner.

In summary, Bitcoin's trading volume has always been the focus of the market. Obtaining Bitcoin's trading volume data through professional platforms and tools can help investors better understand market dynamics and formulate reasonable investment strategies. With the continuous development of the cryptocurrency market, Bitcoin's trading volume data will become richer and more diverse, providing investors with more diversified reference information. Therefore, for investors who care about Bitcoin trading, timely understanding of Bitcoin's trading volume will help grasp the pulse of the market and achieve investment goals.

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
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 the market data of the currency circle, in July this year, the Bitcoin transaction volume in six countries hit a record high, namely India with 3.4 million US dollars, Ghana with 1.7 million US dollars, the Philippines with 1 million US dollars, Argentina with 1 million US dollars, Mexico with 700,000 US dollars and Egypt with 150,000 US dollars. It can be seen that Bitcoin is sweeping the world, but for newcomers in the currency circle, Bitcoin transaction volume is unknown. Bitcoin transaction volume refers to the number of Bitcoin transactions completed in a certain period of time. So, how to view Bitcoin transaction volume? Where can I view it? The following editor of the currency circle will talk to you in detail about how to view Bitcoin transaction volume?

 How to view Bitcoin transaction volume?

1. Volume expansion:

Refers to the phenomenon that the transaction 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 transaction volume relative to the previous adjacent transaction volume, which is the result of comparing the transaction 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 same day. In addition to indicating active transactions on the same 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. Shrinkage:

It 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 trading volume is extremely light.

Shrinkage generally occurs in the middle of the trend. The rise and fall of shrinkage are not real rises and falls. It is usually called a scam, deceiving more, and inducing more, which means that this trend cannot be continued.

Shrinkage rise and shrinkage fall are both rogue. Whether the shrinkage 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 shorter than before, it is shrinkage.

Shrinkage rise: refers to the obvious shrinkage of the 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-site funds are not active. Investors can buy appropriately and sell when the price is weak and there is a huge amount of release.

Decline with shrinking volume: refers to the situation where the price of a certain currency falls while the trading volume drops significantly compared to the previous one. Investors can wait until the trading volume shrinks to a certain extent and starts to increase in volume before buying appropriately.

Neither the rise with shrinking volume nor the sharp fall with shrinking volume is a real rise or fall. It is usually called a scam, a scam, and a lure, which means that this trend cannot be continued. The slow fall with shrinking volume is real.

Both the rise with shrinking volume and the fall with shrinking volume are rogue. Whether the shrinking 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 shorter than before, it is a shrinking volume.

3. Pile volume:

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

When the price of the currency starts to stop falling and the volume slowly increases from a low state, forming a pile-up pattern, it 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 and there is a pile-up, it means that the main force has the intention to make a profit and sell, and the future market is bearish. At this time, investors should actively sell.

4. Sky-high volume:

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

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

 Where can I see the Bitcoin trading volume?

Bitcoin trading volume is generally displayed in the real-time Bitcoin market, and now many platforms provide real-time viewing functions. Users can search for one to view the real-time market. Now many platforms also list how many Bitcoins have been mined and how many have not been mined. This information can be viewed. In fact, the trend of Bitcoin is similar to that of stocks. Users can view it by time-sharing, daily K, weekly, monthly and annual lines. Through these graphics, you can know how it has been trending recently. However, it is difficult to predict its future trend from the trend chart, and there is an essential difference between Bitcoin and stocks.

Through the above introduction, I believe that everyone has some understanding of how to view Bitcoin trading volume. The most important principle of investment is to follow the trend, even if it is investing in Bitcoin. Therefore, investors can only make profits more safely by following the direction of the market. You cannot see that the market is obviously going to rise, but insist on buying short, and the market is going to fall, and then go long. As the saying goes, those who follow the trend will prosper, and those who go against the trend will perish. If you want to know more about related knowledge, you can pay attention to the currency circle. The editor of the currency circle will continue to update related reports later!

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