The amount of cryptocurrency traded across tracked platforms in the last 24 hours. Trade volume is one of the simplest technical factors analyzed by traders when considering market trades.
Volume can tell investors about the market's activity and liquidity. Higher trade volumes for a specified coin mean higher liquidity, better order execution, and a more active market for connecting a buyer and seller. Lower trade volume is associated with higher bid-ask spread and worse order execution – and can be an indicator of investors’ bearish sentiment.