Bitcoin News: Spot Volume Falls 75% Despite Whale Buying, What Comes Next?
Key Insights:
- Recent Bitcoin news shows that Spot BTC trading volume has dropped more than 75% across major crypto exchanges.
- Whale wallets added 19,696 BTC in eight days even as retail demand weakened.
- Traders are watching the price of Bitcoin as low volume and key support levels remain in focus.
In the latest Bitcoin news, BTC trading activity has dropped sharply across major exchanges, even as large holders continue to buy more BTC. The drop in volume shows weaker market interest, while whale buying and ETF demand are giving traders another reason to keep watching the price of Bitcoin.
Bitcoin News: Spot Trading Activity Falls Across Major Exchanges
Bitcoin trading has slowed down in recent months. Fresh market data shows that spot trading volume has fallen by more than 75% from the levels recorded in late 2024. The decline has been seen across the biggest crypto exchanges, showing that fewer traders are taking part in the market.
Market analyst Darkfost said Binance recorded more than $35 billion in Bitcoin spot volume during July. Although that sounds like a large figure per the Bitcoin news, it is far below the $246 billion recorded in November 2024.
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