The share of weekend Bitcoin trading volume has been in decline since 2018 but has dropped considerably since the U.S. launch of spot Bitcoin ETFs in early January.
Bitcoin (BTC) trading volume on Saturdays and Sundays has continued to fall this year as institutional participation in Bitcoin increased, leading to poor weekend market liquidity, says crypto research firm Kaiko.
Between 2018 and 2021, around a quarter of Bitcoin trading volume took place on the weekend, which has since seen a steady decline and so far in 2024 has fallen to 13% , Kaiko noted on Feb. 26.
“The decline suggests worsening liquidity conditions during weekends and could be explained by both increased institutional participation and worsening market infrastructure,” it wrote.
