"Trading" doesn't mean "buying". In fact every trade is a buy and a sell simultaneously. Volume doesn't tell you if the price trend is up or down. You can buy

"Trading" doesn't mean "buying". In fact every trade is a buy and a sell simultaneously. Volume doesn't tell you if the price trend is up or down. You can buy and sell the same bitcoin back and forth a billion times and your volume will be astronomical. And this is possible on many Chinese exchanges because they don't charge trading fees. (Some apply fees on withdrawals from the exchange instead.) So when you hear "98% of all bitcoin is traded in China," it's literally almost meaningless.