According to data from The Block on the 20th (local time), the weight of Bitcoin spot trading was
Relative to futures trading, it has fallen to its lowest level since August 2024. The weighting of Ethereum spot trading also fell to its lowest level since December 2023.
Meanwhile, Solana has reportedly seen a slight increase in trading volume compared to Ethereum recently, showing conflicting trends.
While there was a temporary uptick in trading in early April due to market volatility caused by President Donald Trump's tariff announcement, trading volumes on major cryptocurrency exchanges have recently plummeted again, dropping to $6.
The seven-day moving average trading volume on major exchanges including Binance, Coinbase and Bitfinex was about $32 billion as of Saturday, down from 20.
This is the lowest figure since mid-October 2024. This is more than 75% down from the $132 billion recorded in early December 2024. DEX trading volume in April also fell to the lowest since October last year.
It is expected to be a record high. The trading volume of cryptocurrency ETFs is also showing a downward trend. According to data from SoSoValue, as of the 17th, the trading volume of spot Bitcoin ETFs traded on this day was
At $1.55 billion, it was the lowest figure since March 25. Trading volume for spot Ethereum ETFs also hit the lowest since March 27 at $178.76 million.
Traders are increasingly trading in the futures market rather than the spot market. For Bitcoin, the ratio of spot to futures trading based on the 30-day moving average is currently
At 0.19, this means that spot trading accounts for only 19% of the total trading volume. This is the lowest figure since early August last year. The same indicator for Ethereum was at 0.20, down 202%.
This is the lowest level since December 2013. Meanwhile, Solana has recently seen a slight increase in weekly trading volume on exchanges compared to Ethereum, reversing the downward trend that continued from mid-January to mid-March.
According to Solana's OfficialX account, 70% of all cryptocurrency app revenue was generated on the Solana network for one day last week.
2025/04/21 12:34 KST
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