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Bitcoin Spot Trading Volume Plummets 75% Since Late 2024

Guavy AI Editorial Team
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The Bitcoin spot trading volume on major cryptocurrency exchanges has plummeted over 75% from late 2024, reaching its lowest level since the latter stages of the 2023 bear market.

Binance's Bitcoin spot trading volume this month fell to $35 billion, down from a high of $246 billion in November 2024. Bybit's trading volume dropped by an even more significant margin at 85%, followed closely by Coinbase and OKX with declines of 61% and 67%, respectively.

CryptoQuant analyst Darkfost attributed the decline in speculative assets to escalating US-Iran tensions, concerns over higher interest rates driven by inflation, and a shift of liquidity into the stock market. To return to an uptrend, Bitcoin will need a change in the macroeconomic environment and a recovery in market demand.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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