Bitcoin trading volume has dropped into "silent mode," is the bull market out of power or holding back a big move?

Recent Bitcoin spot trading volume is so low it’s like Monday morning at the gym—people are there, but everyone’s just going through the motions. On the surface, it looks like the market is quiet, but in reality, it’s more like a collective “playing dead.”
Many people’s first reaction: Has the bull market ended? But upon closer inspection, this low trading volume actually looks more like “calm before the storm.” The market isn’t afraid of a drop; what it fears most is everyone doing nothing—because that means disagreements are disappearing, and a consensus is forming.
The question is: is everyone bullish or bearish? From on-chain data, large holders haven’t retreated significantly; instead, retail participation has clearly decreased. In other words, the market now resembles a mahjong game table—big players are still there, but the spectators have dispersed.
This usually indicates two things: either a sudden surge in volume and a sharp attack, throwing people off the ride; or a slow decline, exhausting everyone’s patience.
But historical experience tells us that extremely low trading volume is often not the end, but a turning point. The market can’t stay “whispering” forever; sooner or later, it will “shout.”
So the question isn’t “whether it will rise,” but—when is it ready to move? #比特币现货交易量新低