When looking at 5 minutes charts one can easily be tricked and think big moves and big volumes are happening while in fact nothing is happening. Since BTC dropped to 28K it has since just been hovering in a 28-31K channel, nothing big happening.
In crypto if you are looking to scalp on lower timeframes, most traders use 15 minutes charts. If you are looking for a new long or short entries or larger swing trades, traders use 4 hours chart with daily charts for confirmation on direction and sentiment (reversal, volume, price action).
I am letting you know, because 15 minutes and 4 hours charts is what most traders use, hence these are the timeframes to best monitor price action and volumes, depending on your strategy.
