After losing the $80,000 price mark, the price of Bitcoin has made several attempts to recover this level, but each one was capped by this resistance zone, whichAfter losing the $80,000 price mark, the price of Bitcoin has made several attempts to recover this level, but each one was capped by this resistance zone, which

Bitcoin Slips Deeper Into Correction With Spot Demand Drying Up – What To Know

2026/02/04 05:00
3 min read
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After losing the $80,000 price mark, the price of Bitcoin has made several attempts to recover this level, but each one was capped by this resistance zone, which was once a key support. Interestingly, this continued bearish pressure is beginning to reflect on multiple crucial areas of the market, such as Spot trading.

Lack Of Spot Bitcoin Buyers Extends

The broader cryptocurrency market was left in awe when the Bitcoin price experienced a sharp pullback during the weekend. Even after a strong decline, the ongoing correction is showing signs of becoming more entrenched, as evidenced by weak spot trading.

A glimpse into research from Darkfost, a popular market expert and author at CryptoQuant, shows that spot demand is steadily drying up. This suggests that fewer buyers are choosing to enter the market to absorb sell-side pressure, leaving BTC’s price highly vulnerable to even modest outflows.

In addition to the fading spot demand, the market is set to enter into its fifth consecutive month of downside pressure. Since fewer buyers have entered the spot market, selling activity has had a disproportionate effect on price, which in turn is extending the decline.

Bitcoin

Darkfost highlighted that this correction has been largely driven by the October 10th, 2025, event. During the period, there has been a massive destruction of liquidity, particularly in the Futures market. In a single day, BTC’s Open Interest (OI) fell by more than 70,000 BTC, representing over $8 billion wiped out. However, the expert stated that this is not the only factor at play.

The chart shows that overall market liquidity is also under pressure, which is indicated by stablecoin outflows from crypto exchanges. At the same time, there was a roughly $10 billion decline in stablecoin market capitalization over the period. However, developments in spot market volumes are as instructive.

Spot Trading Volume Slips Into Two After Fresh Decline

Since October 2025, about half of Bitcoin’s entire spot volume has gone, with Binance, the leading crypto platform, still holding the largest share at $104 billion. In contrast, volumes on Binance had almost hit $200 billion in October, against the $53 billion on Gate.io and $47 billion on Bybit.

According to Darkfost, the market has returned to some of its lowest levels since 2024 as a result of this volume decrease. Meanwhile, this suggests a definite disengagement from investors in the crypto market and, consequently, weaker demand.

In the meantime, the current state of the environment remains uncertain and does not encourage investors to take risks. For a sustainable recovery to take place, the expert noted that it is vital to persistently monitor this trend and, above all, to see spot trading volumes return to the upside. 

At the time of writing, the price of BTC was $78,640, up nearly 3% in the last 24 hours. Its trading volume is moving in the opposite direction, falling by over 16% in the past day.

Bitcoin
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