While Bitcoin price going up from 16K to 28K, The Volume of BTC was very high. While Bitcoin price was trying to break up 20K, the volume had increased well. But while Bitcoin was being traded around 28K, the volume was quite low..
The volume was so low that the volume was this low when the last bitcoin price was 16K Days.
Here you can see weekly chart of Bitcoin and Volume. The volume is at the bottom!
Here you can see also daily chart of Bitcoin. The volume is at the bottom. We have never seen this volume since September 2022.
So, Bitcoin's fuel is run out?
I think that it is yes. The new FUD wave is coming. We may see enter mini bearish season after bullish season.
I am waiting on the cash to wait big crash. We will see..