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Crypto

Bitcoin Spot Volume Crashes to 2024 Low Amid Price Decline

Guavy AI Editorial Team
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BTC
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The Bitcoin spot volume has plummeted to its lowest level since 2024, falling to around $4.5 billion a day. This marks a significant decline from the peak of over $25 billion per day reached during the 2025 crypto bull market.

The recent drop in spot volume is attributed to reduced whale activity and slower accumulation by long-term investors. According to metrics from Checkonchain, long-term Bitcoin holders' net additions have dropped from around 40,000 BTC in late May to about 14,000 BTC in late July.

Bitcoin's price has also suffered as a result of the decline in spot volume, plummeting over 45% in the past year. At press time, the asset traded at $63,710, down 1.82% over the past seven days.

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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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