Bitcoin & Altcoin Volume Fades—Investor Exhaustion Setting In?

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The article discusses the recent decline in trading volume for Bitcoin and altcoins, indicating a potential decrease in trader interest in the market. The article highlights insights from the on-chain analytics firm Santiment, which tracks trading volume for various assets in the cryptocurrency sector.

The chart provided by Santiment shows a trend of decreasing trading volume over the past month, even as prices experienced volatility. The article suggests that diminishing trader enthusiasm, as evidenced by lower trading volumes, could hinder sustained price recovery rallies.

As of the time of writing, Bitcoin is trading around $82,900, with a 9% decrease in the last week. The article emphasizes the importance of rising prices and volumes simultaneously for a healthier and sustainable market recovery.

Overall, the article points to the significance of trader participation and enthusiasm in driving price movements in the cryptocurrency market.