Trade volume recovery in BTC and ETH, the most watched liquidity metric, is eye-catching. Two of the top-15 trading volume days since the market top two years ago were recorded during this recent rally. And most of the other high-volume days happened as dramatic company failures were taking place in 2022, or as several mid-sized U.S. banks got into difficulty in March 2023. BTC Spot volumes, which until September were breaking three-year lows, have steeply recovered and are now approaching six-month highs.
Source: https://www.coindesk.com/consensus-magazine/2023/11/10/liquidity-trends-suggest-uptober-could-be-the-start-of-a-new-crypto-bull-run/?utm_medium=referral&utm_source=rss&utm_campaign=headlines