Today, Bitcoin approaches the $110,000 mark, yet the spot and futures trading volumes are alarmingly low 🐻🐻

According to Mlion.ai, Bitcoin's price is nearing $110,000. Meanwhile, the spot trading volume reached only $502 million, and the futures trading volume was $3.12 billion, both hitting new lows for the year and continuing a downward trend.

Spot trading volume at $502 million and futures trading volume at $3.12 billion both plummeting! Yet the price keeps rising, what is the market really doing?