According to CryptoQuant, the spot crypto trading volume dropped to $679 billion in April 2026, the lowest monthly level since October 2023 when prolonged bear market pressure suppressed exchange activity. BTC volatility surged sharply on June 5, temporarily falling back to nearly $61,300 and triggering over $600 million in long position liquidations before recovering to $62,577. In about 24 hours, more than $737 million worth of BTC positions were liquidated, with long positions accounting for the majority of the losses.

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