The trading volume of exchanges such as BitMEX has plummeted, or the bitcoin price will fluctuate greatly.

According to data shared by trader Cantering Clark, the BTC transaction volume on BitMEX reached $784 million, the lowest level since March 30 (24-hour trading volume). When the last BitMEX exchange recorded such a mediocre number, the BTC price soared by more than 20% in just two days, thus starting the bull market in 2019. In addition, Coinbase has recently set a minimum volume in a few months. At the same time, the transaction volume of the peer-to-peer trading platform LocalBitcoins fell by only 30% this month, to the lowest level since September 2018. The U.Today article stated that whether the shrinkage of the transaction volume indicates a market reversal or a weakening interest in the encryption market, a sudden major change can be expected. The low volatility of Bitcoin usually means that another major price change is imminent.