According to news on May 10, the total number of spot BTC trading pairs on cryptocurrency exchanges fell to 6.36 million BTC in April, a new low since 2019.
According to The Block data, the last low point of this indicator occurred in September 2019, when the total transaction volume of spot BTC trading pairs was 6.26 million BTC.
According to the analysis, the low volume of Bitcoin spot transactions indicates that the market is not liquid enough, and the price may change drastically.