Data compiled by Woofun AI shows that the 30-day moving average of US Bitcoin spot ETF trading volume has retreated from $4.4 billion per day in October 2025 to the current level of $0.96 billion per day, representing a 78% decline. This contraction in institutional liquidity flows suggests a substantial cooling of trading activity within regulated financial channels.

Concurrently, trading volume at DAT Company experienced a 49% drop, reinforcing the bearish signal across traditional financial exposure vectors. The convergence of these two primary channels indicates that speculative demand for BTC from the traditional market has significantly waned, potentially impacting short-term price discovery mechanisms.