BlockBeats News, January 25th, according to CryptoOnchain data, the total internal transaction volume of Bitcoin exchanges has dropped to the lowest level since 2022, about 14,000 BTC. The continued decline indicates a significant reduction in the internal Bitcoin transaction volume of exchanges, weakening market-making capabilities and liquidity compression.Internally at Binance, the volume hovers around a historic low near 2,700 BTC, reduced internal flow has led to higher holding ratios, fewer arbitrage opportunities, and thinner order books, increasing market sensitivity to shocks. Historically, once market activity resumes, there will be intense directional volatility.