#比特币现货交易量新低 Bitcoin spot trading volume has indeed fallen to its lowest point since October 2023.

Specifically, the daily trading volume has now dropped below $8 billion, contrasting sharply with the high of over $25 billion in early February this year.

This extreme liquidity depletion is shaping a highly sensitive market structure:

· ⚠️ Increased volatility risk: Market "depth" worsens, and a few large orders can trigger sharp price swings. On April 30, there was a single-day liquidation of $604 million, highlighting the market's fragility.
· ✅ Bottom support remains: Despite retail traders' indifference, institutions continue to enter through ETFs, with net inflows reaching $2.44 billion in April, providing crucial support for prices.
· 🔮 Market outlook: Historical data shows that such "quiet" periods often precede a trend reversal. The future direction will depend on macro sentiment (such as Federal Reserve policies) and when spot buying resumes.

This "major players supporting the market while retail waits" situation is typically a characteristic of a major trend brewing. Are you more inclined to think this is a "golden pit," or are you worried that liquidity depletion could trigger another bottom?