According to CoinMeta, the current price of Bitcoin is $81,000, but the trading activity behind it has significantly cooled down. Based on data from over 50 exchanges, the current volume of trades recorded in the market is about 17.5 million, which is far lower than the peak seen in 2025/26. Multiple exchanges, including Binance, Bybit, OKX, and HTX, have shown a sharp decline in the number of transactions executed. For example, the trading volume on Bybit has dropped from a peak at the end of 2025 to 3.05 million today, while Binance still accounts for 8.11 million transactions, nearly half of the total volume. The current market situation indicates that although the price of Bitcoin remains high, trading activity is decreasing, and it is mainly concentrated on the largest exchanges. If the trading volume does not decline at the same rate, this could also mean an increase in the average transaction size, further indicating a weakening participation of retail traders.