This is why Bitcoin is becoming so volatile.

Only 126K BTC is trading daily on exchanges in 2026, the lowest since 2016.

Back in 2022, it was 453K a day, so spot activity has dropped 72%.

But why is this happening?

ETFs and long-term wallets are accumulating coins and pulling them off the market.

This means less trading activity and thin order books, which makes it easy for prices to move.

For now, BTC is in a downtrend, so it's working against us, but once demand starts to pick up, the reversal would be even quicker than the dump.