The rise in BTC price is accompanied by negative divergence in trading volume, and the market liquidity is significantly insufficient
Source: ChainCatcher
Time: 2025-09-12 14:36:07
According to ChainCatcher, according to CryptoQuant analyst Axel Adler Jr, on-chain trading volume reached $62 billion after Bitcoin hit an all-time high, while the total spot and futures on centralized exchanges were only $41 billion, this difference is extremely rare. At the same time, the market has shown a negative divergence in trading volume, that is, the price has risen but the trading volume has declined, which essentially reflects insufficient liquidity.