Trading volume hits a new low for the period, market: It's not that I don't want to buy, it's that I don't want to be a leek

If you've been watching the market recently, you'll have a strange feeling: the candlesticks are moving, but the market seems like it's not turned on.
How low has the trading volume been? Low enough to make you suspect that only quantitative robots are entertaining themselves, while human investors are collectively "taking a leave."
The reason is actually very realistic: everyone has been educated.
The previous rounds of "false breakouts," "false pullbacks," and "false good news" have taught many people one thing — doing nothing is the best risk management.
So now, the market has turned into a big game of "who blinks first loses."
More importantly, the macro environment isn't cooperating. Interest rates, liquidity, regulatory expectations — all as unpredictable as weather forecasts.
Funds naturally choose to wait and see.
But interestingly, this extreme cautiousness is rarely seen in the late stage of a bull market.
The true top is often characterized by "everyone going crazy," not "everyone staying calm."
So, the current low trading volume actually looks more like the market is self-healing.
Like a bunch of leeks that have just been harvested, collectively growing new leaves.
The question is: will the next round of harvesting be even harsher? #比特币现货交易量新低