A huge increase in spot trading volume, which reached an incredible $3 billion in a single hour on June 22, has once again drawn attention to Bitcoin's recent market behavior. This surge marked the highest hourly volume recorded in over a month and sent a clear signal that significant capital is still actively flowing into BTC, despite the current uncertain macro environment.
After a tough week, Bitcoin has shown resilience by stabilizing above the $105,000 mark after bouncing off support around $99,000. The strong rebound came with a surge in buying volume, suggesting that institutional players or large market participants stepped in aggressively to defend key technical levels.
The chart shows this recovery was supported by the 100 EMA, with the price now attempting to break through local resistance. What stands out even more is that this explosive $3 billion hourly volume did not come with extreme volatility, a stark contrast to historical precedents, where large volume spikes were typically associated with panic-driven sell-offs or euphoric rallies.
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For instance, during major macro events in January 2021, volumes exceeding $10 billion per hour were recorded, frequently causing a multi-thousand-dollar price swing for Bitcoin. This time the market absorbed the flow in a relatively controlled manner. From a technical standpoint, the bullish momentum following the volume spike is encouraging. RSI is climbing back above the neutral 50 zone, and BTC is once again flirting with the descending trendline that has capped its price action since early June.
Increased bullish continuation may result from a breakout above this pattern. For investors, the takeaway is simple: big players have not left the table. While the market may seem quiet on the surface, the underlying activity suggests that accumulation and strategic positioning is still ongoing. This volume explosion might just be the early sign of a stronger move ahead, especially if Bitcoin breaks out of its consolidation range in the coming days.
