Bitcoin Spot Volume Hits 2024 Lows Amid Market Liquidity Decline

According to recent data, Bitcoin's spot volume has reached its lowest point since 2024, with trading activity significantly reduced across major exchanges. This decline in liquidity is accompanied by a sharp decrease in market participation, as both individual and institutional investors appear hesitant to enter the market.

The cryptocurrency itself showed some resilience, rebounding from $63k to $69,988 before retracing slightly. However, this recovery is not without its caveats, as the broader market structure remains weak and bearish sentiment dominates.

Despite the short-term bullish momentum indicated by the Stochastic RSI and moving averages, the market's overall condition suggests caution ahead. If demand holds, BTC may target $73,700, but a loss of momentum could lead to a breach of $66k support.