Svmuu News: FalconX has released its Q2 2026 crypto market analysis report, noting that the industry as a whole continued its deleveraging trend this quarter.Data shows that spot trading volume across all platforms totaled $1.6 trillion in the second quarter, down 25% quarter-over-quarter and plummeting 42% year-over-year—the lowest level since the third quarter of 2023. Futures trading volume stood at $9 trillion, down 12% quarter-over-quarter and 31% year-over-year.Open interest in the futures market fell to $53.2 billion, nearly halving from its October 2025 peak of $122.2 billion. The turnover ratio dropped to 1.6 times, reflecting a decline in speculative sentiment and an increase in the proportion of long-term positions.
Funding conditions came under significant pressure, with the Bitcoin spot ETF recording net outflows of $4.9 billion in the second quarter and cumulative net outflows of $5.4 billion year-to-date; the total stablecoin supply decreased by $7.4 billion to $313.8 billion, marking the first contraction in several quarters.FalconX assesses that the current market deleveraging phase has largely concluded, with trading volume showing signs of recovery in June; the key catalysts for third-quarter market performance will stem from the legislative process surrounding the U.S. “CLARITY Act” and shifts in spot ETF capital flows. (Crowdfundinsider)