Bitcoin Trading Volume Nears One-Year Highs As Volatile Market Continues

BitcoinistPublished on 2022-06-24Last updated on 2022-06-24

Abstract

Data shows the Bitcoin spot trading volume has surged up recently and is now approaching one-year highs as volatility in...

Data shows the Bitcoin spot trading volume has surged up recently and is now approaching one-year highs as volatility in the market continues.
Bitcoin Weekly Trading Volume Jumps Up To Almost $8 Billion
According to the latest weekly report from Arcane Research, the spot volume has continued to go up since the crash.

The “trading volume” is an indicator that measures the total amount of Bitcoin that changed hands on any given day.
When the value of this metric increases, it means the number of coins being involved in transactions is going up at the moment.
Such a trend shows the BTC network is becoming more active as investors are moving a larger number of coins right now.
On the other hand, a decreasing volume can suggest the general investor interest in the crypto may be going down as the network activity is declining.
Now, here is a chart that shows the trend in the Bitcoin trading volume over the past year:

The value of the metric seems to have shot up in recent days | Source: Arcane Research's The Weekly Update - Week 24, 2022
As you can see in the above graph, the Bitcoin trading volume has been rising recently and is now at a high value.
The current 7-day average value of the indicator is around $7.8 billion, close to the yearly high set during the LUNA crash last month.
Other than that spike and the current one, the spot volume had been pretty dead throughout the past 12 months, compared to the values of early 2021.
The reason behind the current high trading volumes is that Bitcoin has been observing some pretty sharp volatility recently.
The below chart shows the trend in the BTC volatility during the last year and a half.

Looks like the BTC market has faced high volatility recently | Source: Arcane Research's The Weekly Update - Week 24, 2022
From the graph, it’s apparent that the 7-day average value of the Bitcoin volatility right now is the highest it has been since the May of 2021.
Periods with high volatility usually attract a large number of traders to the market and pushes those already in it to make some moves, thus resulting in high volumes.
BTC Price
At the time of writing, Bitcoin’s price floats around $20.6k, down 3% in the last seven days. Over the past month, the crypto has lost 32% in value.
The below chart shows the trend in the price of the coin over the last five days.

The value of BTC has been moving sideways over the last few days | Source: BTCUSD on TradingView

Bitcoin Sentiment Remains At Extreme Low Despite Price Surge Above $77K

Despite Bitcoin's price surge to a 10-week high above $77,500, on-chain data from Santiment reveals investor sentiment remains extremely low. The rally, partly driven by geopolitical developments, has not triggered typical FOMO; instead, bearish comments match bullish ones as retail investors show fatigue and skepticism. This contrarian sentiment may actually support further price increases, as markets often move against crowd expectations. Analysts suggest Bitcoin could surpass the widely anticipated $84,000 resistance and potentially reach $90,000 or higher, though external factors like Middle East tensions and U.S. policy developments could quickly alter its trajectory.

bitcoinist18m ago

Bitcoin Sentiment Remains At Extreme Low Despite Price Surge Above $77K

bitcoinist18m ago

Expert Predicts What Will Happen To Bitcoin Price Amid The Miner Shift To AI

Expert Charles Edwards warns that Bitcoin miners are rapidly pivoting to AI, which could negatively impact BTC's price and network security. Public mining firms expect Bitcoin revenue to drop from 90% to 30% in 2-3 years, driven by stock performance incentives—companies targeting over 80% AI revenue saw shares surge 500%. This shift reduces investment in new mining hardware, potentially weakening network security. Additionally, miners are selling BTC holdings aggressively, with over 32,000 BTC sold in Q1 2026, creating sell-side pressure. The halving rewards and low hash prices further squeeze profits, suggesting industry leaders lack long-term Bitcoin price confidence.

bitcoinist1h ago

Expert Predicts What Will Happen To Bitcoin Price Amid The Miner Shift To AI

bitcoinist1h ago

Russia Proposes Legislation To Criminalize Unlicensed Crypto Operations

Russia has introduced a bill to criminalize unlicensed cryptocurrency operations, proposing prison terms of up to four years for individuals and up to seven years for organized groups. The legislation would require all digital asset services to register with or obtain a license from the central bank. This follows earlier regulations restricting retail crypto purchases to ₽300,000 annually per broker and banning banks from processing payments to unlicensed foreign platforms. The Supreme Court has raised concerns over the lack of justification for criminal penalties in the current draft.

bitcoinist2h ago

Russia Proposes Legislation To Criminalize Unlicensed Crypto Operations

bitcoinist2h ago

What Is The XLS-66 And What Does It Mean For XRP Holders?

Cryptocurrency expert James explains that the XLS-66 amendment on the XRP Ledger introduces an institutional lending protocol, not a simple deposit-and-earn system. XRP holders deposit tokens into single-asset vaults and receive MPT tokens representing their share. The redemption value of these MPT tokens increases over time as borrowers (banks, fintechs, payment providers) repay loans with interest. This interest remains in the vault, growing the pool's value. Loans are uncollateralized, short-term (30-180 days), and managed by off-chain underwriters. Validators are preparing to vote on this amendment, which is seen as a modern DeFi approach that minimizes on-chain risks. XRP price is currently around $1.46.

bitcoinist3h ago

What Is The XLS-66 And What Does It Mean For XRP Holders?

bitcoinist3h ago

a16z on Hiring: How to Choose Between Crypto-Native and Traditional Talent?

Hiring in Crypto: Balancing Crypto-Native and Traditional Talent As the crypto industry grows, founders face the dilemma of whether to prioritize hiring professionals with blockchain experience or those with traditional tech backgrounds who can learn. The key is recognizing that crypto companies are still tech companies at their core and should apply proven hiring best practices. Crypto-native talent offers immediate productivity and is essential for roles involving high-stakes, specialized work like smart contract development, where errors can be catastrophic. However, traditional professionals from large-scale software companies bring valuable experience in scaling products, operational flexibility, and expertise in areas like fintech, UX, and security, which are crucial as crypto products target mainstream adoption. Recruiting requires tailored approaches. Some candidates may be hesitant due to crypto's volatility or complexity, while others are excited by its innovative potential. Assess candidates' motivations, curiosity, and alignment with the company's vision early. Emphasize the opportunity to shape technology's future and address financial incentives, such as token-based compensation, which can offer liquidity compared to traditional equity. Onboarding is critical. Identify knowledge gaps during hiring and design education programs, mentorship, knowledge-sharing sessions, and resources like blogs or courses to accelerate learning. Pairing new hires with experienced crypto professionals helps bridge gaps and fosters collaboration. Ultimately, successful teams blend both crypto-native and traditional talent, leveraging their strengths to drive innovation and growth.

marsbit5h ago

a16z on Hiring: How to Choose Between Crypto-Native and Traditional Talent?

marsbit5h ago

Trading

Spot

Futures