๐ FINAL ACCORD: Trading volumes have fallen, but why is that a plus for bulls? Apathetic sentiment is spreading across the crypto market, and activity on exchanges has dropped to critical levels.
Kaiko and Bloomberg analytics record a strong drying-up of liquidity.
๐ Report figures:
Daily volumes:
Only about $20 billion trades per day โ three times less than in January.
Monopolization:
60% of all volumes are controlled by just six leading crypto exchanges.
๐ง Whatโs the hidden positive: A drop in indicators is a classic sign of the final stage of a bearish trend. The crowd has fully lost hope, and speculators have left the order books.
History proves:
during similar โdrying-up,โ the bear market heads straight to the finish line.
While the sideways range continues for another couple of months, major players are completing accumulation and preparing a launchpad for a bull run.
Watch the calm:
$BTC ๐ Will the market turn around in autumn, or will the range-bound phase drag on into winter?
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