Finally, a bit of volume again
Yesterday I mentioned that Binance was gaining on Upbit in terms of daily volume, suggesting Hive becoming a bit more decentralized on exchanges. But we can also see that after months of low volume, November is finally seeing a higher volume for Hive again. It's very apparent when we look at the chart (here HIVE/KRW) - while it seems small with close to 60M daily trading volume, this is because spring of 2025 saw massive volume candles. It's the first time since August that we have seen this much activity again.
We can go back to 2023/2024 when there was also a lower volume period. But even so, it's clear that 60M daily volume isn't small by comparison. This makes sense, since it is around 15% of Hive's supply (only on one exchange!).
Going back even further all the way to the beginning of 2020/2021, we can see that there are more higher volume candles, but while not small, they rarely when into the 50M+ range.
Conclusion
While price is still very low (just as other Alts), it's always good to see signs of volume ramping up again. While we don't know yet if this will be part of a larger upward trend, without increasing volume there would be no hope for an increasing price. Just like several times before, the November to January time period seems to be an explosive growth phase for Hive. Let's hope for the best.
As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!
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Yes oooo we indeed hoping for the best
I see descending triangles.. I see bearflag on large caps on daily. If BTC closes below 103k 50w ma -> all previous cycles calls bears. We are on a thin ice imo.
The Hive volume had increased and I noticed it but if you look now the volume has returned to its previous level. I dont think the volume is actually growing, it only increased because of a temporary spike.