Bitcoins [BTC] Trading volume has been low and it appears some traders are ready to sell. There is a key liquidation zone around $73,000, and if BTC starts to fall, this area could become an important line to watch.
Here is the overview…
BTC spot volume reduced to 2023 levels
According to data from Glassnode, Bitcoin spot trading volume on major exchanges is now at its weakest level since October 2023, with a clear decline following higher activity through late 2024 and parts of 2025.
While BTC recovered from its recent lows, volume was weak. Low volume markets tend to have less depth; even moderate buying or selling can cause the price to move faster than normal.
An increase in selling pressure
On April 27, 9,905 BTC switched to exchanges. That is the largest inflow in one day in about 30 days!
While it doesn’t confirm an immediate sell, there may be more holders willing to trade or exit positions. Spot volume is already small, so a sudden jump in currency inflows could have a stronger impact on the price.
Note that this inflow occurred when BTC was worth almost $77,358. Reported sales by BlackRock during the same period have also added to fears. That is not unfounded either.
AMBCrypto previously reported that when Bitcoin recently fell below $77,000, more than $100 million in long positions were liquidated. At the same time, Coinbase Premium turned negative, with minimal demand from US investors.
$73.5K – The key level
With all this, the next risk zone is lower. In fact, about $1.4 billion worth of long BTC liquidations are still around $73,500!
Bitcoin’s loss of support and reaching this level would force exits from leveraged long positions. That could add more sell orders to what is already a thin market.
Shorts have disappeared since March, while STHs increased selling pressure. For now, this is the level you should pay close attention to.
Final summary
- Bitcoin spot volume has fallen, with the inflow of 9,905 BTC indicating an increase in selling pressure.
- A drop to $73.5K could send BTC into freefall.