Bitcoin’s meteoric rise to $ 40,000 sent Bitcoin past its all-time high of “real” volume by nearly 100%.

On January 7, Matti Greenspan, founder of Quantum Economics, shared a chart showing that weekly trading volume had doubled from a previous high – measured by the “real volume” of Messari – more than $ 60 billion had been in circulation in the past seven days. …

Messari Real Volume Measurement has been launched to collect and adjust the volumes of the largest exchanges they believe are reporting project activity – Binance, Bitfinex, Bitflyer, Bitstamp, Bittrex, Coinbase Pro, Gemini, itBit, Kraken and Poloniex.

The survey was updated in May 2020 to include a revised score for leading Asian exchanges, including Huobi, OKEx, Gate.io, Bithumb, UpBit, CoinOne, and Liquid, using an adjusted score based on information provided by 10 third-party cryptocurrency aggregators. data. … also includes a 50% adjustment to the declared volume from the Korean and Chinese platforms.

At the time of writing, according to estimates, more than $ 67 billion in BTC has changed hands this week.

“Real” Bitcoin Trading Volume: Messari
The previous record for real volume was announced in mid-2019 when weekly volume surpassed $ 32 billion, as the price briefly returned to a five-figure price range after falling below $ 4,000 earlier that year.

Other cryptocurrency providers have also reported record BTC volumes, with CoinMarketCap estimating that more than $ 85 billion of bitcoins have been in circulation in the past 24 hours alone, while CoinGecko reported $ 77 billion in daily trade.

Skew said Bitcoin futures have made more than $ 97 billion in 24-hour trading.

Volume of BTC Combined Daily Futures: Slope
Greenspan said the markets are experiencing “massive volumes”.

“Bitcoin blockchain volumes have also grown steadily in recent months, and are now significantly higher than they were during 2017 and 2019.”

Source: CoinTelegraph

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