Bitcoin Spot Trading Volume Declines Sharply Over Three Days

According to Foresight News, data from Glassnode indicates a significant decline in Bitcoin spot trading volume over the past three days, based on a 7-day moving average. On April 27, the volume turned negative at $30.9 million, further dropping to $76.1 million on April 28, and plummeting to $193.4 million by April 29. This trend suggests that aggressive sellers are currently dominating the market, with a gradual weakening in spot demand. The decline may signal profit-taking, buyer exhaustion, or a potential market reversal.