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James Van Straten highlights that bitcoin's daily trading volume typically ranges between $50 billion and $80 billion.
He observes that the market prioritizes the USD reserve and selling 0.4% of bitcoin holdings to meet obligations is minimal compared to total activity.
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Van Straten has previously cautioned that key bitcoin market metrics, such as LTH realized price and MVRV, show ongoing risk and uncertainty about a market bottom, according to his recent analysis. In another report, he noted that gold posted its worst quarter in 13 years while the S&P 500 reached a six-year high and bitcoin recorded declines for three straight quarters, as seen in his coverage of cross-asset quarterly performance. These observations provide further context to his view of current bitcoin trading volumes and market activity.