[2016-11-26] Bitcoin Price Spikes as Trading Volume Come Back to Normal

[alani123]

Volumes seem to have picked up after the bottom of $730 was reached yesterday. The price did peak above $740 in the meantime but today traders are waking up to some large sell orders as profit taking comes into play.

https://www.crypto-news.net/bitcoin-price-spikes-as-trading-volume-come-back-to-normal/

[aso118]

Volumes seem to have picked up after the bottom of $730 was reached yesterday. The price did peak above $740 in the meantime but today traders are waking up to some large sell orders as profit taking comes into play.

https://www.crypto-news.net/bitcoin-price-spikes-as-trading-volume-come-back-to-normal/

I wouldn't call the increase to $740 as a spike.
We have been in this trading range of $730 to $76- for quite some time now. It is just that the volumes have increased at this point in time.

[1Referee]

Volumes picking up? If you look closely at the long term volumes of western exchanges, then they have only gone down in volume. And I'm not talking about a small percentage. It's almost funny how these volumes are wobbling through the day. The only reason the volumes are showing up as they do right now, is that large players buy and sell into their own orders. It can also be the exchange itself bumping the volumes, but it's not natural. Without that, an exchange as Bitstamp would likely sit at around ~1200-1500BTC 24H volume at calm days.

[Gahs]

Yeah, like Bittrex too. It went into an all time low volume of around 600btc.
On a normal day Bittrex is above 1300btc, I was wondering where everybody went!
Seems the traders changed locations