Historically, big spikes in trading volume have marked significant turning points for $bitcoin. A chart by a pseudonymous crypto analyst shows that $BTC has hit a two-year low on record trading volume.
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An unnamed executive of the exchange said in an interview that withdrawals cannot be resumed immediately because FTX Japan uses the same payment system as its parent company, and that system is now suspended.The chart tweeted by pseudonymous crypto analyst @GameofTrades_ shows bitcoin recently fell to a two-year low with record trading volume.The analysis is performed on spot bitcoin on the weekly chart.
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