Bitcoin trading volume has dropped into "silent mode"—is the bull market out of power or just holding a big move?

Recently, Bitcoin spot trading volume is so low it’s like Monday morning at the gym—people are there, but everyone’s just going through the motions. On the surface, it looks like the market is quiet, but in reality, it’s more like a collective “playing dead.”
Many people's first reaction: Is the bull market over? But upon closer inspection, this low trading volume actually looks more like “calm before the storm.” The market isn’t afraid of a dip; what it fears most is everyone standing still—because that means disagreements are disappearing, and a consensus is forming.
The question is: is everyone bullish or bearish? On-chain data shows that big players haven’t retreated significantly; instead, retail participation has noticeably declined. In other words, the market now resembles a mahjong game table—big players are still there, but the spectators have left.
This usually indicates two things: either there will be a sudden surge in volume to push prices up and shake out the weak hands; or it will slowly drift downward, exhausting everyone’s patience.
But historical experience tells us that extremely low trading volume is often not the end, but a turning point. The market can’t stay “whispering” forever; sooner or later, it will “shout.”
So the question isn’t “whether it will rise,” but—when is it going to act? #比特币现货交易量新低