Data: Bitcoin CEX internal trading volume has dropped to its lowest level since 2022, with significant directional volatility imminent

According to data disclosed by CryptoOnchain, the internal trading volume on Bitcoin trading platforms has fallen to its lowest level, totaling around 14,000 BTC. The continuous decline indicates a significant reduction in internal Bitcoin trading volume on trading platforms, weakening market-making capacity and compressing liquidity.

On the Binance platform, traffic hovers around a historical low of approximately 2,700 BTC. The reduction in internal liquidity has led to a higher position ratio, fewer arbitrage opportunities, and a thinner order book, increasing the market's sensitivity to shocks. Historically, once market activity resumes, there tends to be severe directional volatility.