Matrixport: Bitcoin's trading volume in the past 24 hours has reached a record high, which can be seen as a bullish signal

2024-11-13 15:11:34

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ChainCatcher news, Matrixport released a daily chart report indicating that in the past 24 hours, Bitcoin's trading volume surpassed $145 billion, setting a new historical high, nearly 50% higher than the flash crash in early August and the peak in March of this year.

This surge in trading volume suggests that retail investors are returning to the crypto market. According to historical data, during bull market phases, retail trading activity typically lasts for several weeks or even months, so the increase in trading volume can be seen as a bullish signal.

Google search interest in Bitcoin has also surged significantly, reaching a five-year high of 78%. Additionally, since the U.S. presidential election, inflows into Bitcoin ETFs have exceeded $1 billion for two consecutive days.

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