Bitcoin Trading Volume Hits Record High of $145 Billion, Signaling Retail Investor Comeback

On November 13th, Matrixport reported a significant surge in Bitcoin’s trading volume, which has exceeded 145 billion US dollars within the last 24 hours. This represents a remarkable historical peak, nearly 50% greater than the trading volume observed during the flash crash of early August and the highs seen in March. Such an increase in trading activity typically signifies a resurgence of retail investors in the cryptocurrency sector. Historical trends suggest that during bull market phases, the engagement levels of retail investors can persist for weeks or even months, positioning this uptick in volume as a strong bullish indicator. Furthermore, the Google search interest for Bitcoin has surged to 78%, marking the highest engagement in five years. Notably, since the onset of the US presidential election, Bitcoin ETFs have attracted over 1 billion US dollars in inflows for two consecutive days, highlighting a renewed institutional interest.