Analyst: BTC/USD weekly trading volume on CEX drops to 426,000, signaling a long-term bullish trend

ChainCatcher news, according to CryptoQuant analyst Axel Adler Jr, since the collapse of Luna, the weekly average trading volume of the BTC / USD trading pair on centralized exchanges has been continuously declining. Data shows that the trading volume of this pair has dropped from a peak of 2.9 million in July 2022 to 426,000 yesterday.

The analyst believes this could be a long-term bullish signal, as the decrease in available supply on exchanges will create upward pressure on prices.