According to Kaiko data, Binance and Bybit witnessed the most Bitcoin sales last week. BTC dipped by just over 4% last week, with selling outpacing buying on nearly all exchanges. Won trading slowed significantly in the Q2. The weekly trading volume of the four largest exchanges in South Korea fell from an average of $35 billion in Q1 to $6 billion in early June. The liquidity of major US exchanges has improved. In 2024, Bitcoin hit an all-time high with volatility at 40%, although far lower than 2021, as it had reached 106% to record highs. The reversal of inflows in US BTC ETFs last week and the macro news also partly contributed to the selling pressure.
