{"id":152528,"date":"2021-01-12T14:35:34","date_gmt":"2021-01-12T11:35:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-real-daily-trading-volume-tops-22b-as-btc-price-recovers\/"},"modified":"2021-01-12T14:35:34","modified_gmt":"2021-01-12T11:35:34","slug":"bitcoin-real-daily-trading-volume-tops-22b-as-btc-price-recovers","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-real-daily-trading-volume-tops-22b-as-btc-price-recovers\/","title":{"rendered":"# Bitcoin \u2018real\u2019 daily trading volume tops $22B as BTC price recovers"},"content":{"rendered":"

“# Bitcoin \u2018real\u2019 daily trading volume tops $22B as BTC price recovers <\/strong>”
\n<\/p>\n

Trading activity on Bitcoin (BTC) exchanges spiked massively even as the BTC price was suffering a major correction. According<\/a> to data from crypto research firm Messari, Bitcoin\u2019s real 24-hour trading volume is about $22.3 billion.<\/p>\n

To put this figure in context, Cointelegraph previously reported Bitcoin\u2019s real seven-day trading volume setting a new all-time high of $60 billion. In only one day, exchanges have processed over a third of that sum likely pointing to a new all-time high by the end of the week if the current momentum is sustained.<\/p>\n

Despite suffering service disruptions amid the price decline, Coinbase recorded about $3.5 billion in trading volume according<\/a> to data from crypto analytics provider Skew. In total, Coinbase processed over $9.5 billion in crypto trades on Monday, an all-time high for the exchange.<\/p>\n

Indeed, Coinbase\u2019s volume record on Monday exceeds the platform\u2019s total trading activity for the whole of Q1 2019. The figure also surpasses the exchanges Jan. 2020 trading volume total.<\/p>\n

Given the swift bounce for Bitcoin from $31,000 to the $35,000 price mark, it is evident that a significant proportion of the trading activity was driven by the BTC buying opportunity below the recent price high.<\/p>\n

Indeed, both Messari and Glassnode data show positive net Tether exchange flows indicating a continued app<\/a>etite for BTC with the price still about $6,000 below its all-time high.<\/p>\n

Monday\u2019s trading activity spike also extended to the derivatives market with the Bitcoin options and futures arena seeing massive volumes. Data<\/a> from Skew puts yesterday\u2019s BTC futures trading volume at over $170 billion. <\/p>\n

CME alone nearly eclipsed the $5 billion trading mark setting a new 24-hour volume record. Bitcoin options volume crossed<\/a> the $2 billion mark on Monday, as well.<\/p>\n

Meanwhile, some analysts say Monday\u2019s dip was a \u201chealthy and necessary\u201d correction. While still only early days in 2021, BTC is up about 23% year-to-date.<\/p>\n