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Bitcoin trading volume plunge raises questions about future direction ![]()
Bitcoin (Bitcoin) is briefly volatile again, but on-chain data doesn’t look promising. According to Arab Chain on CryptoQuant, BTC price is around $97,450, but trading volume has plummeted to just 11,877 BTC. Such low numbers make the market appear calm, especially when the volume change dropped to approximately -24,320 BTC. This significant drop indicates a sharp weakening of market activity in a single day. The price change also fell to about -4.76K. The superposition of the two causes the price momentum to weaken, as if the market lacks momentum. A Deep Dive into Why Bitcoin’s Momentum Is LosingOn the other hand, data tracked by Arab Chain shows that price and volume are no longer moving in sync, a sign that typically occurs when momentum cools and traders take a step back to reassess the market situation. ![]() In addition, the lackluster trading volume also indicates that large traders are not choosing to sell large amounts of assets. They appear to be more patient, as if waiting for a price level they consider more reasonable. Additionally, this “inconsistent” volume and price pattern often occurs during a pullback phase or before a move toward the next support area. Analyst Ali Martinez reports that if the price falls below $95,930, the next important support levels are near $82,045 and $66,900. These two figures have left many wondering: Will the market really continue to fall? Or is this just a tug of war before buying pressure returns?
However, some signals in recent CNF reports still provide some clues. has entered the "fear zone", which historically is often a precursor to a strong recovery. After failing to hold the $100,000 mark, market sentiment may appear more pessimistic, but as long as the price remains near $98,000, the price structure will not really change. Whale activity continues to leave clear tracesOn the other hand, the large footprints discovered a few days ago are still clearly visible. We emphasize that Binance Bitcoin outflows are quite large and this usually happens when whales or institutional investors are not in the mood for short-term trading. This pattern is more consistent with accumulation behavior, a phase in which large investors choose to hold assets rather than trade them. Additionally, increased OTC activity and reduced exchange supply lend credence to the view that they are in no rush to sell their holdings. Looking back at the current situation, the decline in Arabchain trading volume seems to be consistent with this trend. Institutions may be waiting and watching, perhaps strategizing, while keeping an eye on whether key price levels will be hit. At press time, BTC is changing hands at around $97,146, down 6.48% in the past 24 hours and 14.29% in the past 30 days. Click on the blue text Follow us ![]() Part.1 High return ![]() ![]() 50~90% understand everything! We have long-term and in-depth cooperation with major platforms. If you need help, please contact me privately! Top-notch rebates from major firms! Officially open! Safe and stable, large quantity can be discussed! ! ! Find the head and avoid detours. Part.2 AI Quantitative Robotics ![]() ![]() The AI robot quantitative strategy automatic trading system can provide a full range of system robots! Anyone in need is welcome to consult! ! ! Part.3 Foreign exchange MT5 investment promotion ![]() ![]() ![]() Foreign exchange investment: MetaQuotes MT5 Conditions: Provide 100% market maker authority to high-quality agents! (The platform only reserves a very low selling order cost, and all 100 is given to the market maker for selection! Industry's top ceiling conditions and system follow-up advantages) Compliant, licensed and supervised by multiple countries, stable and safe! Log in to the AstralX digital currency trading platform simultaneously! More flexibility and freedom of entry and exit! Provides a full range of follow-up systems/EA/quantitative strategies/robots! Anyone in need is welcome to consult! ! ! Part.4 International futures (internal and external trading) investment promotion ![]() ![]() ![]() International futures/internal and external markets/BoYi/Zhixing International futures main account sub-account/Yisheng/Polestar/Zhixing/Build/(conditions 90/95/100%/reserve 2~4 US dollars, large amount can be negotiated) Provides a full range of follow-up systems/EA/quantitative strategies/robots! Anyone in need is welcome to consult! ! ! Disclaimer: All the content of this ID editor comes from his own or quoted from public reports in the media! If there is any infringement, please contact us to delete it! The content and views are for reference only and do not provide any practical opinions and suggestions! The content of this article does not provide any guidance or influence, please read with caution! The market is risky, so be cautious when entering the market! ![]() Welcome to consult ![]() 丨If you need a platform or provide AI robot technology, please consult us. AuG999Q ![]() ![]() ![]() |