[SERIOUS] Volume Dying, Miners Selling, Weak buying pressure, Low Stablecoin Supply Ratio. Definitely Not the start of Bull Market.

There have been lot going on in the market since SEC! went after Binance and Coinbase and then loosing by ripple. Trust has been going away from the exchanges and with it also goes the volume which was already very low, spot market is currently the lowest it has been this year. The decline in spot market trading volume, reaching its lowest point this year, signals a lack of enthusiasm among retail investors. However, the trading volumes for derivatives are fifteen times higher than spot, but they're also decreasing.

https://preview.redd.it/48iga6ndcvhb1.png?width=4287&format=png&auto=webp&s=5442b7fb162c0e88838295e1dcff65ce2e802677

Second, the Net Taker Volume is remarkably low, a mere $400 million, it is positive but still relatively low. This suggests that there isn't much buying pressure in the market currently.

Third, Stablecoin Supply Ratio ( market cap of stablecoins to the market cap of BTC ) is also at neutral zone, therefore no such pressure from either side, buying or selling.

And, in the last 24 hours, miners have sold more than 1.1K Bitcoins worth $41.2M, putting selling pressure on BTC, which generally occurs during market tops, or perhaps a short-term correction is in play.

https://preview.redd.it/d9rus69bcvhb1.png?width=4287&format=png&auto=webp&s=54c03cfc6e669811d007ad6896055a25f6a1bbfb

Leverage and open interest is also on very low levels and there is volatility in the market, no liquidations as such and there was hardly any impact of CPI data. Volume have been drying up really bad, unless a big news comes up and take us on a ride or dive. It seems like the decisive period is probably very close.

And it doesn't seem like the start of bull market at all.