TechFlow News: On February 3, CryptoQuant stated that Bitcoin has been in a correction phase for five consecutive months, primarily due to the October 10 event, which caused the futures market to lose over 70,000 BTC (approximately $8 billion) in a single day. Market liquidity remains under sustained pressure, evidenced by stablecoin outflows from exchanges and a roughly $10 billion decline in market capitalization. Since October, Bitcoin’s spot trading volume has halved—Binance’s trading volume dropped from nearly $200 billion to $104 billion—and overall market trading volume has fallen to one of the lowest levels since 2024, reflecting reduced investor participation. Analysts suggest that a sustainable recovery hinges on closely monitoring any rebound in spot trading volume.
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