Bitcoin is facing renewed selling pressure as uncertainty continues dominating global financial markets, but bulls have so far managed to defend the critical $75,000 region. The asset remains trapped below key resistance levels after failing to reclaim momentum above $80,000 earlier this month, leaving traders searching for signs that the current correction is either stabilizing or preparing for another leg lower. Related Reading: HYPE Rally Accelerates Above $60 As High-Profile Whale Quietly Builds His Position While the recent weakness has raised concerns across the market, top analyst Darkfost believes one of the most important signals is not price itself — but the dramatic collapse in spot trading activity happening beneath the surface. According to data from Darkfost, Bitcoin spot trading volumes have now fallen to levels historically associated with bear markets. The analyst notes that investors must go back to July 2023 to find a period where BTC spot volumes were this low across major exchanges. Binance, which remains the dominant venue in the crypto market, currently processes around $36.4 billion in trading volume. In October 2025, that figure stood at approximately $198.6 billion. Bitcoin Spot Trading Volume &#124; Source: CryptoQuant The collapse is severe. Binance volumes are now nearly five times lower than they were at the cycle peak, representing an 81% decline. Other exchanges show similar weakness, with Gateio volumes falling nearly 80% and Bybit recording a 66% drop in activity. Bitcoin Volume Collapse May Signal Seller Exhaustion Darkfost explains that the collapse in Bitcoin spot trading activity reflects a broader macroeconomic environment that has become increasingly hostile toward risk assets such as cryptocurrencies. Rising inflationary pressures, persistent uncertainty surrounding global monetary policy, and the US/Iran conflict lasting longer than markets initially expected have pushed investors toward safer or more traditional assets. Commodities, energy markets, and major equity indices have absorbed a large portion of capital flows that previously rotated into crypto during periods of stronger risk appetite. The result has been a sharp contraction in participation across spot crypto markets. Lower trading activity often reflects declining enthusiasm, weaker speculative demand, and reduced institutional engagement. However, Darkfost argues that the current setup may not be entirely bearish from a structural perspective. Related Reading: The Institutional Bitcoin Exit Is Real: Analyst Exposes Who’s On The Wrong Side Of The Trade Historically, prolonged declines in spot volume have frequently coincided with the later stages of corrective phases rather than the beginning of major collapses. As participation fades, aggressive selling pressure also begins to weaken because fewer market participants remain actively distributing positions into the market. The analysis points specifically to the 2023 bear market structure, where spot volumes collapsed to similarly depressed levels shortly before Bitcoin stabilized and volatility returned. That period of extreme inactivity ultimately became the foundation for the recovery phase that followed, as exhausted sellers gradually lost control of the market. Bitcoin Holds Above Key Support As Bulls Defend The $75K Region Bitcoin continues trading above the critical $75,000 support region despite persistent selling pressure and weakening market participation. The daily chart shows BTC consolidating near $76,800 after rejecting from the $82,000 resistance zone earlier this month, with price now trapped between major moving averages as traders wait for a decisive breakout or breakdown. Bitcoin consolidates above key price level &#124; Source: BTCUSDT chart on TradingView Technically, Bitcoin remains above the 50-day moving average, which is currently acting as short-term support around the mid-$75,000 area. That level has become structurally important because it aligns closely with the broader horizontal demand zone between approximately $73,000 and $75,000 highlighted on the chart. Bulls have repeatedly defended this region throughout May, preventing sellers from regaining full control of the trend. Related Reading: FET Exchange Supply Is Quietly Disappearing – Discover Why Traders Are Watching Closely However, the broader structure still reflects caution. The 100-day and 200-day moving averages continue sloping downward overhead, reinforcing the idea that Bitcoin remains inside a larger corrective environment despite the recovery from February’s capitulation lows near $63,000. For now, Bitcoin remains in a compression phase. A decisive reclaim of the $80,000–$82,000 region would strengthen bullish momentum, while losing the $75,000 support zone could expose BTC to a deeper retrace toward the $70,000 area. Featured image from ChatGPT, chart from TradingView.com

شهدت عملة البيتكوين انهيارًا دراماتيكيًا بنسبة 81% في حجم التداول الفوري منذ 10 أكتوبر، مما يعكس ضغط بيع متزايد وعدم يقين في الأسواق المالية العالمية. على الرغم من هذا التراجع، تمكن الثيران من الدفاع عن المستوى الحرج البالغ 75,000 دولار، على الرغم من أن الأصل لا يزال محاصرًا تحت مستويات المقاومة الرئيسية، ويكافح لاستعادة الزخم فوق 80,000 دولار.

Bitcoin ha experimentado un colapso dramático del 81% en el volumen de trading al contado desde el 10 de octubre, reflejando una presión de venta elevada y una incertidumbre en los mercados financieros globales. A pesar de esta caída, los toros han logrado defender el nivel crítico de $75,000, aunque el activo sigue por debajo de los niveles de resistencia clave, luchando por recuperar el impulso por encima de $80,000.

Bitcoin a connu une chute dramatique de 81 % de son volume de trading au comptant depuis le 10 octobre, reflétant une pression à la vente accrue et une incertitude sur les marchés financiers mondiaux. Malgré ce déclin, les acheteurs ont réussi à défendre le niveau critique de 75 000 $, bien que l'actif reste en dessous des niveaux de résistance clés, peinant à retrouver un élan au-dessus de 80 000 $.

Bitcoin has experienced a dramatic 81% collapse in spot trading volume since October 10, reflecting heightened selling pressure and uncertainty in global financial markets. Despite this downturn, bulls have managed to defend the critical $75,000 level, although the asset remains below key resistance levels, struggling to regain momentum above $80,000.