Glassnode: Bitcoin spot trading volume has sharply declined over the past three days, with a surge in profit-taking activity

TechFlow, April 30 — According to Glassnode analysis, Bitcoin spot trading volume has sharply declined over the past three days, with figures standing at -$30.9 million, -$76.1 million, and -$193.4 million from April 27 to 29 respectively. Glassnode data shows a significant increase in profit-taking activity, with the related RSI(7D) indicator surging to 82, indicating growing selling pressure. Analysts suggest this could signal profit-taking, buyer exhaustion, or a potential market reversal. However, ETF inflows remain net positive, and large holders (whale wallets) continue accumulating, suggesting the current buyer fatigue might be temporary. Market participants should closely monitor future price movements.