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Analysis: Crypto Spot Trading Volume Sees Steep Decline, Slim Chance of Sustained Rally

Analysis: Crypto Spot Trading Volume Sees Steep Decline, Slim Chance of Sustained Rally

BlockBeatsBlockBeats2026/04/07 06:51

BlockBeats News, April 7th, Independent analyst Markus Thielen released a chart analysis indicating that cryptocurrency spot trading volume has plummeted, with average daily trading volume dropping from $410 billion in December 2024 to $266 billion in October 2025, plunging to just $80 billion in the past 30 days.


Spot trading volume is a key indicator of altcoin performance, reflecting market participation and risk appetite. The current contraction in trading activity helps explain the ongoing weakness in altcoins: subdued trading activity translates into sluggish price action and deteriorating market sentiment. Any sustained rally in altcoins requires a substantial rebound in trading volume.


In the absence of clear catalysts, a broad-based rally seems unlikely. The current trading volume is gravitating towards a few selected assets, with overall market participation still relatively low.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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