Crypto spot trading volumes have taken a nosedive, dropping roughly 66% recently. On the surface, it looks bearish, but some major players in the industry see things differently. According to market observers from major trading platforms, this kind of pullback isn't necessarily a red flag—it's often the quiet before the storm. These lulls in volume typically precede significant market movements. So while the numbers might look grim at first glance, experienced traders and institutions are watching closely for what comes next. The question is whether this consolidation phase will lead to the next bullish push or signal further downside.