Who remembers the BTC bottom in 2022–2023?

Those huge volumes, fat candles —

as if the market was boiling and serious fighting was going on.

Many thought back then:

"they're obviously accumulating positions here".

But there's a catch.

At that moment Binance simply made

zero fees on BTC pairs.

And the market turned into a testing ground:

algos started pushing the price back and forth without costs.

Volumes grew.

Activity grew.

But there was much less real money there than it seemed.

And it turns out something interesting:

We looked at the "bottom" and saw market strength,

but in fact part of this movement was

just free noise.

Since then a simple conclusion:

Volume is not always a signal.

Sometimes it's just a beautifully drawn illusion.