ambcrypto.com
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.