Author Topic: 12% drop of Bitcoin trading volume on LocalBitcoins after Apr. 1 price jump. Why  (Read 6 times)

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Make a guess, how much did Bitcoin volume on LocalBitcoins increase after the Bitcoin jump on Apr. 1?

A hint: in Binance, BTC/USDT volume more than doubled up in the following week.

Well, the answer is a staggering -12%.

Yes, you didn't see it wrong. The Bitcoin volume on LocalBitcoins decreases by 12% compared to previous week following the price jump.


How and why there is such a difference? You might got your own answer after reading an article on Medium:

https://medium.com/sophonexchange/the-bitcoin-retail-market-21e1f9790a80?source=friends_link&sk=2d0bd37e708a8ab9090413f6af3b9939