🤖AI Summary
Bitcoin spot trading volumes remain structurally weak despite BTC's significant decline from $98K to $72K. The persistent low volume indicates a demand vacuum where selling pressure isn't being met by buyer absorption.
Key Takeaways
- →Bitcoin spot volumes remain structurally weak with 30-day averages still depressed.
- →BTC has declined significantly from $98K to $72K without generating sustained buying interest.
- →Current market conditions reflect a demand vacuum with insufficient buyer absorption.
- →Sell-side pressure is not being met by adequate market demand.
- →The volume weakness suggests bears maintain control of the market structure.
Read Original →via Glassnode Insights
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