As of Aug. 26, bitcoin trading volume on all exchanges sat at 129,307 BTC, according to CryptoQuant. Earlier in the month, on Aug. 12, it fell to 112,317 BTC, its lowest level since Nov. 10, 2018. Bitcoin's trading volume hit its lowest level in almost five years this month as investors keep waiting for reasons to jump back into the market. As we progress further into a bull market, the trading volume may continue to pick up." Correction: On Aug. 12, bitcoin trading volume fell to 112,317 BTC, its lowest level since Nov. 10, 2018.

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Persons: CryptoQuant, It's, bitcoin, Julio Moreno, haven't, Bernstein, Gautam Chhugani, Chhugani, Cantor Fitzgerald, Josh Siegler, — CNBC's Michael Bloom Organizations: BTC, CNBC, Metrics, Securities and Exchange Commission