📉 $BTC Spot Volume Plunges — Has the Bottom Hit?
Bitcoin’s spot trading volume has seen a sharp drop, sliding from ~$2T in October to around $1T by late January. On Binance alone, BTC spot volume fell from $200B → ~$104B.
🔍 What’s Behind the Drop?
Justin d’Anethan (Arctic Digital) points to macro pressure — hawkish Fed sentiment from Kevin Warsh, slow/uncertain rate cuts, a strong USD and high real yields — all squeezing risk assets like crypto.