Bitcoin trading volumes fell 28% in April
BTC’s real trading turnover on spot exchanges fell by 28% compared with March, The Block analyst Larry Chermak notes.
“Legitimate volume on cryptocurrency exchanges has seen a steep decline in April, which has historically never been a good sign,” he tweeted.
In March, trading volumes increased by 22.4% compared to February. At the time of the price collapse on March 12–13, the daily trade turnover set a record for the entire time of tracking. Thanks to this, the indicators of the Q1 of 2020 exceeded the levels of the previous quarter by 61%.