Bitcoin Spot Trading Volume Plummets to 2020 Levels, Signaling Potential Market Shift

Bitcoin trading volume has recently dropped significantly, hitting a multi-year low. According to data analysis, daily spot BTC trading activity on major centralized exchanges now stands at $965.6 million, echoing levels last observed in October 2020. This suggests a slowdown in immediate buying and selling on platforms where retail and institutional investors typically trade. analysts attribute this change to factors such as ‘HODLing’ (holding onto Bitcoin), market fatigue or uncertainty, and shifts towards other trading segments like derivatives or DeFi.