{"id":96611,"date":"2026-04-29T15:51:40","date_gmt":"2026-04-29T12:51:40","guid":{"rendered":"https:\/\/u1f987.com\/en\/?p=96611"},"modified":"2026-04-29T15:55:24","modified_gmt":"2026-04-29T12:55:24","slug":"bitcoin-spot-volumes-drop-to-lowest-since-2023","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-spot-volumes-drop-to-lowest-since-2023\/","title":{"rendered":"Bitcoin Spot Volumes Drop to Lowest Since 2023"},"content":{"rendered":"<p>Spot trading volumes of the leading cryptocurrency on major exchanges have fallen to levels seen in September-October 2023, marking the end of the previous bear phase. This was highlighted by an analyst known as Darkfost.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udcc9 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> Spot volumes hit lowest levels since end of Bear market.<\/p>\n<p>The collapse in Bitcoin spot trading volumes continued throughout the month of April.<\/p>\n<p>\ud83d\udca5 Spot volumes have now returned to levels comparable to September 2023, marking the end of the previous bear market.<\/p>\n<p>This\u2026 <a href=\"https:\/\/t.co\/p9npEyD5DG\">pic.twitter.com\/p9npEyD5DG<\/a><\/p>\n<p>\u2014 Darkfost (@Darkfost_Coc) <a href=\"https:\/\/twitter.com\/Darkfost_Coc\/status\/2049370093180571865?ref_src=twsrc%5Etfw\">April 29, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to him, the decline in activity persisted throughout April, indicating a significant reduction in investor participation. Binance was most affected, with volumes dropping by approximately $25 billion since March. On Gate, the figure halved by $13 billion, and on OKX, it fell by about $6 billion.<\/p>\n<p>Darkfost linked the downward trend to the macroeconomic backdrop, particularly the <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-holds-at-75000-after-us-iran-ceasefire-collapses\">events surrounding the conflict<\/a> in the Middle East. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Concerns about persistent inflation have intensified. In such conditions, the <span data-descr=\"Federal Reserve System of the United States\" class=\"old_tooltip\">Fed<\/span> is unlikely to have enough room to accelerate policy easing at today&#8217;s <span data-descr=\"Federal Open Market Committee\" class=\"old_tooltip\">FOMC<\/span> meeting,&#8221; he noted. <\/em><\/p>\n<\/blockquote>\n<p>Against this backdrop, many investors are hesitant to open long-term spot positions in Bitcoin: medium-term prospects remain uncertain, added Darkfost.<\/p>\n<p>Experts at Glassnode provided similar statistics. They noted that such periods are often accompanied by reduced market depth and increased price sensitivity to capital flows.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin spot volumes across major exchanges have fallen to their lowest levels since October 2023.<\/p>\n<p>Such low volume environments often coincide with reduced market depth and heightened sensitivity to flow shifts<\/p>\n<p>\ud83d\udcca <a href=\"https:\/\/t.co\/XLo1nlsykP\">https:\/\/t.co\/XLo1nlsykP<\/a> <a href=\"https:\/\/t.co\/Pn6xfZs4gx\">pic.twitter.com\/Pn6xfZs4gx<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a href=\"https:\/\/twitter.com\/glassnode\/status\/2049424427490656359?ref_src=twsrc%5Etfw\">April 29, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 class=\"wp-block-heading\">Weak Interest<\/h2>\n<p>The cooling of investor interest was also pointed out by Alphractal founder Joao Wedson. According to his data, the number of Google searches for cryptocurrencies has hit a three-year low. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Google searches for cryptocurrencies are at their lowest level in the last 3 years.<\/p>\n<p>That explains the current sentiment.<\/p>\n<p>This is a fragile moment, where the strong survive and the weak complain.<\/p>\n<p>Alphractal is a unique platform where you can explore everything from on-chain to\u2026 <a href=\"https:\/\/t.co\/QYDIuGKkO1\">pic.twitter.com\/QYDIuGKkO1<\/a><\/p>\n<p>\u2014 Joao Wedson (@joao_wedson) <a href=\"https:\/\/twitter.com\/joao_wedson\/status\/2049210623440162937?ref_src=twsrc%5Etfw\">April 28, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The expert believes that the current phase reflects the sector&#8217;s vulnerable state\u2014market participants need patience and resilience.<\/p>\n<p>The cryptocurrency <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-cryptos-fear-and-greed-index\">fear and greed index<\/a> further hints at investor uncertainty. As of April 29, it stands at 26 points, indicating a &#8220;fear&#8221; zone. <\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-4d72f81e1ccd6baf-3068183806505277.webp\" alt=\"Crypto fear and greed index as of April, 29\" class=\"wp-image-279231\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">Alternative.me<\/a>. <\/figcaption><\/figure>\n<p>Previously, amid Bitcoin&#8217;s rise above $77,000, the index <a href=\"https:\/\/u1f987.com\/en\/news\/fear-and-greed-index-hits-three-month-high-amid-bitcoin-surge\">reached<\/a> 46\u2014the highest level since January. <\/p>\n<p>At the time of writing, the leading cryptocurrency is trading around $77,100. Over the past day, the asset&#8217;s price has increased by 1.7%. <\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-8efab25c9f24ee35-3068196802555596.webp\" alt=\"Bitcoin (BTC) price as of April, 29\" class=\"wp-image-279232\"\/><figcaption class=\"wp-element-caption\">Hourly chart BTC\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/atJ4mYHE\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>. <\/figcaption><\/figure>\n<p>Earlier, on April 28, the exchange Coinbase and analytics platform Glassnode <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-and-glassnode-report-growing-optimism-in-the-crypto-market\">released<\/a> a joint report on the rise of optimism in the crypto market. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spot trading volumes of Bitcoin have fallen to levels seen in September-October 2023, marking the end of the previous bear phase.<\/p>\n","protected":false},"author":1,"featured_media":96612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin spot trading volumes drop to levels last seen in late 2023, indicating reduced investor activity.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1166,1273],"class_list":["post-96611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-centralized-exchanges-cex","tag-glassnode"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin spot trading volumes drop to levels last seen in late 2023, indicating reduced investor activity.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/96611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=96611"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/96611\/revisions"}],"predecessor-version":[{"id":96613,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/96611\/revisions\/96613"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/96612"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=96611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=96611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=96611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}