💥💥Bitcoin Price Close to its Peak but Trading Volumes for Altcoins Raise Alarm! 💥💥

As the Bitcoin price approaches record levels, trading volumes on cryptocurrency exchanges are plummeting to their lowest levels in recent years.

Generally, when Bitcoin (BTC) price rises to high levels, investor interest and trading volumes increase as well. However, CryptoQuant's latest report indicates that this time the situation is different. While the Bitcoin price is near its peak, trading volumes on exchanges are alarmingly declining.

Experts point out that the increased popularity of spot Bitcoin ETFs is significantly influencing this situation. These products are diverting a substantial portion of Bitcoin trading volumes away from exchanges. Additionally, the report notes that the decreasing interest in altcoins is also putting overall trading volumes under pressure.

During periods dominated by low trading volumes, markets typically lack investor enthusiasm, and participants tend to act more cautiously. As emphasized in the report, the market is currently more influenced by conscious and long-term investors; this causes prices to move more calmly and in a controlled manner.

On the other hand, experts warn of unexpected sudden spikes in trading volumes. Such an increase can often signal a new local peak. Investors are advised to closely monitor trading volume indicators during this process.

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