Bitcoin Archive tweeted that BTC volume is “climbing to bull market levels,” while highlighting a continuous monthly uptick since August. That in itself cannot be taken as a definitive sign of the bull market returning. Nonetheless, in conjunction with Bitcoin’s Consumer Price Index (CPI) snap back on Thursday, a degree of "hopium" exists.
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Volume surges to 'bull market levels' as Bitcoin snaps back from CPI decline
Rollercoaster price action, leading to a recovery, gives the Bitcoin community hopium. Based on volume analysis, further drops are expected.
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