According to a report from 深潮 TechFlow on April 30, analysis by Glassnode shows that Bitcoin spot trading volume has sharply declined over the past three days, with figures of -30.9 million, -76.1 million, and -193.4 million from April 27 to 29. Glassnode data indicates a significant increase in profit-taking activities, with the related RSI(7D) indicator soaring to 82, indicating increased selling pressure. Analysts believe this could be a signal of profit-taking, buyer fatigue, or a market reversal. However, ETF fund flows remain positively net, and large holding addresses (whale wallets) continue to accumulate, suggesting that the current buyer fatigue may only be a temporary phenomenon. Market participants should closely monitor subsequent trends.

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