Bitcoin day 46 of range with volume at its lowest in a year

In looking at my equal weighted BTC composite index, we can see that we are now in day 46 of this range as average volume is at its lowest point since last october.

I took total volume, expressed in $ across the 9 exchanges and applied a 3ma to the totals. As we can see with the price line on that indicator, volume on a 3-day rolling average has not been this low since october of last year.