Who remembers the BTC bottom in 2022–2023?

Those massive volumes, fat candles —

like the market was boiling and serious fighting was going on.

Back then many thought:

"clearly positions are being accumulated here."

But there's a catch.

At that moment Binance simply made

zero commissions on BTC pairs.

And the market turned into a testing ground:

algos started pushing the price back and forth without any costs.

Volume went up.

Activity went up.

But there was significantly less real money there than it looked like.

And you get something interesting:

We looked at the "bottom" and saw market strength,

but in reality part of this move was

just free noise.

Since then a simple lesson:

Volume is not always a signal.

Sometimes it's just a beautifully drawn illusion.