Analysis: Bitcoin Spot Trading Volume has dropped to the level last seen at the end of the previous bear market

BlockBeats News, April 29th, according to analyst Darkfost, Bitcoin spot trading volume in April continued to plummet, dropping to the level last seen in September 2023 (i.e., the end of the last bear market). Since March, major CEX Bitcoin spot trading volume has plummeted, with exchanges like Binance seeing a decrease of around $25 billion.

Darkfost believes that macroeconomic pressures, including the uncertain progress of the Iran conflict and ongoing inflation concerns, have led investors to lack confidence in holding long-term spot positions.