Bitcoin's rally to $40,000 caused BTC to break its previous all-time record in "real" volume by about 100%.
On January 7, Mati Greenspan, founder of Quantum Economics, shared a chart that shows that the weekly volume of spots has doubled its previous record - according to Messari's "real volume" metric - with more than $60 billion that BTC has changed in the last seven days.
The "real volume" metric was introduced by Messari in order to aggregate and adjust volumes on the most important exchanges that he believes are legally active - Binance, Bitfinex, Bitflyer, Bitstamp, Bitrex, Coinbase Pro, Gemini, itBit, Kraken and Poloniex.
The metric was updated in May 2020 to include a revised result for the best Asian stock exchanges including Huobi, OKEx, Gate.io, Bithumb, UpBit, CoinOne and Liquid using a revised result based on information provided by 10 external cryptographic aggregators. It also includes a 50% correction to the reported volume from Korean and Chinese platforms.
According to metric data this week, more than $67 billion of BTC was changing from hand to hand.
The previous real volume record was announced in mid-2019, when the weekly volume exceeded $32 billion as the price briefly recovered the five-digit price range after falling below $4,000 earlier this year.
