Bitcoin’s [BTC] trading volume has been low, and it looks like some traders may be ready to sell. There is a key liquidation zone around $73K, and if BTC starts slipping, this area could become a key line to watch.
Here’s the rundown…
BTC spot volume down to 2023 levels
Bitcoin’s spot trading volume across major exchanges is at its weakest level now since October 2023, according to data from Glassnode. There’s been a clear fall after the higher activity seen through late 2024 and parts of 2025.
While BTC recovered from its recent lows, the volume has been weak. Low-volume markets usually have less depth; even moderate buying or selling can move the price faster than usual.
An uptick in sell pressure
On 27 April, 9,905 BTC moved onto exchanges. That’s the largest single-day inflow in about 30 days!
While it doesn’t confirm immediate selling, more holders might be ready to trade or exit positions. Spot volume is already thin, so a sudden jump in exchange inflows can have a stronger impact on the price.
Note that this inflow was when BTC traded near $77,358. Reported selling by BlackRock during the same period has also added to the fear. That’s not unfounded either.
AMBCrypto previously reported that when Bitcoin slipped below $77K recently, over $100 million in long positions were liquidated. At the same time, the Coinbase Premium went negative, with minimal demand from U.S investors.
$73.5K – The key level
With all this, the next risk zone’s lower. In fact, about $1.4B in long BTC liquidations are still near $73,500!
Bitcoin losing support and hitting this level would force exits from leveraged long positions. That can add more sell orders into what is already a thin market.
Shorts have been cleared since March, while STHs added to the selling pressure. For now, this is the level you should watch closely.
Final Summary
- Bitcoin’s spot volume has dropped, with 9,905 BTC inflows hinting at an uptick in sell pressure.
- A drop to $73.5K could throw BTC into freefall.