🚨 Liquidity Exhausted? Data shows that the on-chain and exchange liquidity of Bitcoin is nearing exhaustion.

Compared to the previous two peaks (March & November 2024), Bitcoin's current trading volume is extremely sluggish.

🔹 On-chain turnover: During peak periods, the daily turnover was 150,000 - 160,000 BTC (7d SMA), now it is only 85,000, already halved!

🔹 Exchange spot: During peak periods, the daily trading volume was 210,000 - 260,000 BTC, now it is only 60,000, already a knee chop!

✅ After the price rise, there is a volume increase at high levels, and it has not completely dropped back to the original resistance level, which is an extremely strong performance, indicating that the main force is currently reluctant to sell, rather than eager to distribute.