[thegreatpeter]

Volumes are constantly faked on exchanges in an effort to make it look like there's demand for a higher price.

[trident5000]

Depends what exchanges. Most fake volume occurs outside the 10 largest exchanges by userbase. Coinbase, Gemini, Bitstamp, Binance, etc are unlikely reporting inaccurate volume. Volume aggregators like CMC, Coingeko, and Messari have mostly kicked out suspects.