Bitcoin daily volume hits $80 billion, James Van Straten notes

Bitcoin daily volume hits $80 billion, James Van Straten notes
Bitcoin trading volume reaches $80 billion

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.

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.

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