Svmuu News BIT released a chart today stating that cryptocurrency spot trading volume has declined significantly, with the average daily trading volume dropping from $41 billion in December 2024 to $26.6 billion in October 2025, and falling to just $8 billion over the past 30 days.
Spot trading volume is a key indicator for altcoin performance, reflecting market participation and risk appetite. The current contraction in trading activity helps explain the persistent weakness in altcoins: sluggish trading activity translates into lackluster price movements and deteriorating market sentiment. For any sustained altcoin rally to truly take off, a substantial recovery in trading volume is necessary.
In the absence of clear catalysts, a broad-based rally is unlikely. Trading volume is currently concentrating in a few assets, while overall market participation remains low.