$BTC

Why has BTC trading volume dried up?

Glassnode data shows that Bitcoin spot and futures trading volumes have plunged to $5.02 billion and $31.2 billion, respectively, hitting the lowest levels in over a year.

The maximum numbers were detected at the end of 2024 and in the first quarter of 2025, followed by a sharp decline starting in April.

Despite the rising BTC price, this divergence indicates that the momentum is slowing down. This may be attributed to recent market tensions and concerns about a reversal after breaking the $100,000 mark.

However, the decrease in trading activity may be seasonal, or it could reflect a lack of market confidence or profit-taking. When trading volume declines while prices rise, the likelihood of a pullback increases.

For a bull market, the sustainability of price increases requires stronger trading volume to validate the potential for continued upward momentum.