Crypto Markets Slump Amid Decline in Spot Trading Volumes

The crypto market has been hit hard by a decline in spot trading volumes, with significant drops recorded across major exchanges.

Binance, Gate, and Bybit have all seen substantial decreases in their monthly spot trading volumes, from highs of $198 billion, $53 billion, and $41 billion respectively in 2024 to current levels of $75 billion, $25 billion, and $20 billion.

This contraction is a clear indicator of the prevailing uncertainty surrounding Bitcoin, which has seen its price drop back to levels last seen earlier in 2024. Market participants are prioritizing capital preservation over directional bets as they await more decisive macroeconomic or technical cues.