If we look at the trend of liquidity and trading volume, the current bitcoin is still in a downturn

Since BlackRock application for the BTC spot trust was hyped in mid-June, causing the price of BTC to rise above $30,000, the price of BTC has remained at this stage for two weeks and fluctuated slightly, with no obvious signs of breakthrough. This incident is also the outbreak of trading volume since Silicon Valley Bank in mid-March and April 26 due to the continuous thunderstorms of technology stocks and regional banks. Even the largest amount of funds in the past six months for the monthly delivery and quarterly delivery on June 30 did not bring more than these three trading volumes. This means that market liquidity is still very low.