BitMEX Daily Volume Hits 2019 Low, ‘Market Officially Lifeless’

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BitMEX, the most active futures market, is slowing down as it grinds towards the end of the year. The BTC volume on the exchange has now dropped to the lowest levels in 2019. BitMex Slows Activity to Levels of November 2018 The current BTC volumes resembles the situation of November 2018, when BTC stagnated and started to drop significantly to new lows. BitMEX volumes in general predict interest in BTC, and this time, social media comments have called the market “lifeless”: Lowest daily volume of 2019 just printed on Bitmex today. This market is officially lifeless. Note: Volume is in BTC terms. Bitmex uses BTC as margin collateral, and realized profits and losses are in BTC, thus BTC volume is a better metric than USD volume IMO. — CL (@CL207) November 17, 2019 BitMEX reflected growing interest in BTC in the summer months, when for a while open interest…

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