📈As we enter June, both crypto and traditional financial markets are experiencing the typical summer trading lull. Historically, Q3 has had the lowest volume by a significant margin, with cumulative $BTC trade volume over 40% below the highest-volume quarter.

🔹This trend has been particularly pronounced for BTC-USD volumes, which reached a multi-year low of $44 billion in Q3 2023, despite @BlackRock's spot ETF filing.

🔹However, with the launch of 11 spot ETFs in the US, which has been beneficial for $BTC price discovery and liquidity already, there is hope that this summer's volumes will not be as low as in the past.

🔹Nevertheless, the increasing interconnectedness between cryptocurrency and traditional financial markets could pose risks and potentially exacerbate the trend of low-volume trading.

Source: @KaikoData

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