BEARISH 📉 : Crypto trading volume hits two-year low as traders step back
Santiment: Crypto trading volume drops to lowest since mid‑2024. ETH holders hit 195M.
Crypto trading on CEX has fallen to the lowest since mid‑2024. Activity keeps fading across top caps.
Santiment says volume peaked in mid‑2025 and has trended down since for major coins. Source: Santiment on X.
“Traders appear reluctant to aggressively buy or sell as macro uncertainty, geopolitical tensions, and recent liquidations keep participants on the sidelines,” the firm wrote. Source.
The firm also noted that “some of crypto’s strongest recoveries have emerged from periods when interest, volume, and participation were at their lowest.” Source.
Adoption trends diverge. The Total Amount of Holders keeps climbing across top assets. Ethereum leads with 195M non‑empty addresses, despite social focus on its “underperformance,” Santiment says. Source.
Key data:
- Trading volume low: since mid‑2024 Santiment
- ETH non‑empty addresses: 195M Santiment