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🐋 WHALE WATCH: The spot market is completely drying up for crypto right now.
On chain data shows BTC spot volume has plummeted 81% over the last seven months.
Macro fears and geopolitical friction are forcing capital into safer traditional assets for the time being.
But historically it is precisely after spot volumes collapse that the market bottoms out and volatility returns.
Do you see this low volume as a sign of a bottom or further downside?