Data: Bitcoin's monthly trading volume in January reached a new high since September 2022

ChainCatcher news, according to The Block, in January 2024, Bitcoin (BTC) with a value of $1.21 trillion flowed on-chain after four consecutive months of increasing trading volume. This marks the largest on-chain trading volume month since September 2022 when the price of Bitcoin was around $20,000.

In 2023, Bitcoin's trading volume did not exceed $1 trillion in any month except December, and the active supply of Bitcoin also hit a historical low, indicating that traders are eagerly awaiting the approval of a spot Bitcoin ETF. As these ETFs are finally approved, trading volume seems to be increasing accordingly. In fact, the trading volume in September 2023 was only $550 billion, while January of this year marks the fourth consecutive month of trading volume growth.