BTC moved has nothing to do with exchange trade volume. When BTC is traded on an exchange, there are no blockchain transactions involved. It's all "internal" to the exchange because the exchanges are centralized.
Trading on decentralized exchanges would result in blockchain transactions, but such exchanges have not yet caught on and make up only a tiny fraction (< 0.01%?) of trade volume. Maybe someone else has the exact numbers.
Comments
BTC moved has nothing to do with exchange trade volume. When BTC is traded on an exchange, there are no blockchain transactions involved. It's all "internal" to the exchange because the exchanges are centralized.
Trading on decentralized exchanges would result in blockchain transactions, but such exchanges have not yet caught on and make up only a tiny fraction (< 0.01%?) of trade volume. Maybe someone else has the exact numbers.