$BTC spot volume spiked aggressively during the selloff into the low 70K region, and I’m seeing reactive participation rather than conviction buying.
The surge in activity came as volatility expanded, but it was response-driven, not proactive accumulation. Traders stepped in as price moved fast, not because structure improved. Once the initial flush stabilized, volume faded quickly. That tells me attention increased, but sustained demand did not.
I’m noticing absorption remains shallow compared to the intensity of selling pressure. Bids are getting hit, not layered with strength. The move loo