or maybe it's because you're using volume from an exchange whose popularity is declining? here is the chart from binance:
which is also not 100% accurate, because binance had zero fees just at the bottom of the current bear market
how is it possible that the chart indicates this level to be at 10k range, when BTC was in 2019-2020?
the chart you show us is a logarithmic chart and the big bars at the bottom are responsible for the volume from 3k to 14k (dump by 70% and pump by 400%), while the current bars are responsible for the price movement from 22k to 24k (pump 10%).
What I mean is that if you look at Bitcoin from the perspective of $200,000 at the current price action (pump to 60k, dump to 30k, pump to 60k and dump to 17k and pump to 30k) you will put it in 2 candles (just like from the current level you judge the years 2019-2020), you will draw the same wrong conclusions that the current volumes are astronomical and it's right here, where POC is. here, where? at 15k? 30k? or 60k?