You're off by an order of magnitude. 1,056 BTC is currently worth approximately $29m.
Fixed it.
Only mountain goats remain, and they are comfortable with steep terrain, both up and down.
With the exchange scams going around daily o wouldn't be surprised if that number is order of magnitude higher than the actual USD involved and in trading.
Algorithmic trading is an should be counted. It's volume!
Shorts and other derivatives isn't because it's a different instrument.
It's true there could (and probably is) wash trading going as well as other forms of laundering. But that's still genuine volume.
> It's true there could (and probably is) wash trading going as well as other forms of laundering.
There's little evidence of large volumes of wash trading specifically on BTC though, and it's pretty easy to trace.
Yes, at the spot market you can usually move $30 million in a single trade with only a small slippage. Bitcoin is more liquid than most stocks.