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Analysis: Crypto Spot Trading Volume Sees Steep Decline, Comprehensive Rally Unlikely

2 hours ago

April 7 — Independent analyst Markus Thielen’s chart analysis reveals cryptocurrency spot trading volume has plummeted. Average daily volume has fallen from $410 billion in December 2024 to $266 billion in October 2025, and over the past 30 days, it’s dropped to just $80 billion. Spot trading volume is a key barometer for altcoin performance, reflecting market participation and risk appetite. The current slump in trading activity helps explain altcoins’ ongoing weakness: lackluster trading leads to muted price moves and worsening market sentiment. A sustained altcoin rally will need a meaningful rebound in trading volume. Without a clear catalyst, a broad-based market rally is unlikely. Right now, trading volume is concentrated in just a handful of assets, and overall market participation remains muted.
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The whale who profited $420,000 from longing gold in the last round has entered the market again, with a long position of $13.2 million.

**April 7 Update** Per Hyperinsight monitoring (https://t.me/HyperInsight), a crypto whale with the address beginning 0x06a finished its second round of multi-position setup overnight and this morning. The position size has grown to $13.2 million, with an average entry price of $4,677. It currently holds a small floating loss of ~$43,000 (-3.4%), making it the largest GOLD long position on Hyperliquid right now. Previously, the same address opened a $10.3 million GOLD (gold) long position in its prior round. After locking in ~$417,000 in profits on its initial position, it closed out—holding for roughly 230 hours.

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Binance Will Delist BNB/TUSD, GRT/BTC, SOL/TUSD, and TRUMP/BRL Spot Trading

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UBS Lowers Gold Price Forecast at End-June to $5,200/oz

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A Whale Simultaneously Shorted BTC and ETH, with a Short Position of $11.7 Million

April 7th: Per HyperInsight monitoring, a whale with an address starting at 0x610 closed a long position via stop-loss, then in the past 10 minutes opened two short positions: - A 25x-leveraged ETH short at an average price of $2,100, with a size of 3,000 ETH (≈$6.3 million); - Simultaneously, a 17x-leveraged BTC short at an average price of $68,550, with a size of 140 BTC (≈$9.6 million). HyperInsight monitoring

14 minutes ago

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