At first glance, low trading volumes seem unfavourable, especially since the last time they were this low was when the price of bitcoin dropped below €30,000. However, if we zoom out a bit, it doesn't look like anything out of the ordinary. It seems like the cyclical nature of the markets and not some kind of massive exit from the market. A massive exit would require, for the record, a jump in volume as these participants unload their positions. So far, I'm not worried. Maybe I'll start to worry if trading volumes drop further.