{"id":97502,"date":"2026-05-26T14:49:31","date_gmt":"2026-05-26T11:49:31","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=97502"},"modified":"2026-05-26T14:50:24","modified_gmt":"2026-05-26T11:50:24","slug":"bitcoin-spot-volumes-hit-2023-lows","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-spot-volumes-hit-2023-lows\/","title":{"rendered":"Bitcoin Spot Volumes Hit 2023 Lows"},"content":{"rendered":"<p>The price of the leading cryptocurrency has stabilized within a narrow range around $77,500. Following the holidays in the United States, market activity remains subdued, with investors exercising caution.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-6533a919a341a218-5397246715177501.webp\" alt=\"BTCUSDT_2026-05-26_13-51-53\" class=\"wp-image-280537\"\/><figcaption class=\"wp-element-caption\">Hourly chart of BTC\/USDT on Binance. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Traders on Polymarket estimate a 75% probability of closing the current week above the $76,000 level.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-d234d410604cefc1-5397280500656767.webp\" alt=\"Screenshot 2026-05-26 135337\" class=\"wp-image-280538\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/polymarket.com\/ru\/event\/bitcoin-above-on-may-30-2026\">Polymarket<\/a>.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Momentum Fades<\/h2>\n<p>According to a report by Glassnode, the price momentum indicator has decreased by 21.7% over the past seven days, reflecting a weakening in price dynamics and increased selling pressure.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> pulled back from $79K to $74K before rebounding toward $77K, with momentum and activity cooling. Despite softer sentiment, easing sell pressure hints at early signs of stabilization. <\/p>\n<p>Read this week\u2019s Market Pulse\ud83d\udc47<a href=\"https:\/\/t.co\/YE6dXfaImn\">https:\/\/t.co\/YE6dXfaImn<\/a> <a href=\"https:\/\/t.co\/ut24qnNAw7\">pic.twitter.com\/ut24qnNAw7<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a href=\"https:\/\/twitter.com\/glassnode\/status\/2058919200844833149?ref_src=twsrc%5Etfw\">May 25, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The recovery in quotes was accompanied by a cooling of speculative demand:<\/p>\n<ul class=\"wp-block-list\">\n<li>spot volumes decreased by 10%;<\/li>\n<li>open interest in futures fell by 3.5%.<\/li>\n<\/ul>\n<p>In the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-market-maker\">market maker<\/a> Enflux <a href=\"https:\/\/www.coindesk.com\/markets\/2026\/05\/26\/bitcoin-stalls-near-usd76-500-as-muted-trading-points-to-macro-wait-and-see\">noted<\/a> that there is a &#8220;buyer&#8221; in the market, but large capital is hesitant to increase positions.<\/p>\n<h2 class=\"wp-block-heading\">2023 Lows<\/h2>\n<p>An analyst under the pseudonym Darkfost pointed to a critical decline in activity. According to his data, monthly spot trading volumes of bitcoin have dropped to levels typical of a deep bear market phase.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\uddde\ufe0f BTC Spot Volumes Have Crashed 81% Since October 2025.<\/p>\n<p>Bitcoin spot trading volumes have now fallen to levels typically seen during bear markets.<br \/>You have to go back to July 2023 to find a month with spot volumes this low on BTC.<\/p>\n<p>Despite this slowdown, Binance continues to\u2026 <a href=\"https:\/\/t.co\/P1XN9CN1PI\">pic.twitter.com\/P1XN9CN1PI<\/a><\/p>\n<p>\u2014 Darkfost (@Darkfost_Coc) <a href=\"https:\/\/twitter.com\/Darkfost_Coc\/status\/2059153307474555190?ref_src=twsrc%5Etfw\">May 26, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On the largest crypto exchange Binance, the figure fell to $36.4 billion \u2014 81% below the values of October 2025 ($198.6 billion). Similar dynamics are observed on Gate (-79.6%) and Bybit (-66%).<\/p>\n<p>The expert linked this to macroeconomic pressure but suggested that the &#8220;drying up&#8221; of volumes might indicate seller exhaustion, as was the case at the end of the 2023 cycle.<\/p>\n<h2 class=\"wp-block-heading\">Balance of Power<\/h2>\n<p>Despite the decline in turnover, several on-chain indicators point to stabilization, noted Glassnode.<\/p>\n<p>The spot index <span data-descr=\"cumulative volume delta\" class=\"old_tooltip\">CVD<\/span>, reflecting market buyer activity, rose by 77.2%, and a similar metric for perpetual futures increased by 35.5%. A 135.4% jump in funding rate payouts confirms the persistent demand for longs, although it has not yet turned into an aggressive rally.<\/p>\n<p>Exchange reserves remain near multi-year lows at 2.3 million BTC. The limited supply shields the market from sharp declines, but the start of a new upward trend requires a return of institutional interest in spot <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETFs<\/a>, whose inflow has significantly slowed.<\/p>\n<h2 class=\"wp-block-heading\">Awaiting Macroeconomic Triggers<\/h2>\n<p>The market has adopted a wait-and-see stance ahead of the release of the U.S. Personal Consumption Expenditures (PCE) Index \u2014 a key inflation indicator for the <span data-descr=\"Federal Reserve System\" class=\"old_tooltip\">Fed<\/span>.<\/p>\n<p>Excessively high PCE values could strengthen investors&#8217; belief in maintaining tight monetary policy, negatively impacting risk assets. Conversely, a cooling of inflation could bring buyers back to bitcoin.<\/p>\n<p>On May 25, the price of the leading cryptocurrency <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-holds-above-77000-as-oil-slumps\">rose<\/a> above $77,000 amid falling oil prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of the leading cryptocurrency has stabilized within a narrow range around $77,500. Following the holidays in the United States, market activity remains subdued, with investors exercising caution.<\/p>\n","protected":false},"author":1,"featured_media":97503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin's spot volumes have hit 2023 lows amid market caution.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1249,1273,1145,842],"class_list":["post-97502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-federal-reserve-system","tag-glassnode","tag-market-analysis","tag-politics"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin's spot volumes have hit 2023 lows amid market caution.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=97502"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97502\/revisions"}],"predecessor-version":[{"id":97504,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97502\/revisions\/97504"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/97503"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=97502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=97502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=97502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}