Bitcoin Trading Volume Plummets 77% as Market Correction Takes Hold
As the cryptocurrency market experiences a significant correction, Bitcoin and altcoin trading volumes have seen dramatic declines. According to a CryptoQuant report, Bitcoin spot trading volume dropped from $44 billion in early February to just $10 billion by the end of Q1 2025 - a staggering 77% decrease. Similarly, altcoin volumes fell over 80% from $122 billion to $23 billion during the same period. This sharp contraction in trading activity suggests investors are becoming more cautious amid the market downturn. Interestingly, while overall volumes have declined, Binance appears to be gaining market share, potentially capitalizing on its liquidity advantages during this volatile period. The data highlights how crypto traders are responding to the current bearish sentiment, with reduced activity across both Bitcoin and altcoin markets. These trends will be important to watch as the market looks for signs of stabilization or further downside in Q2 2025.
Binance Gains Market Share as Bitcoin Volume Declines
According to a report from CryptoQuant, Bitcoin (BTC) and altcoin spot trading volumes have declined significantly in the last two months as crypto prices corrected. The total Bitcoin spot trading volume on crypto exchanges dropped from $44 billion on February 3 to $10 billion at the end of Q1, a nearly 77% decrease. Similarly, altcoin spot trading volume declined from $122 billion to $23 billion, a more than 80% fall. This suggests traders and investors may be losing interest or confidence, possibly due to market uncertainty or fear. Amidst this decline, Binance has emerged as the preferred exchange for traders.
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Bitcoin Emerges as Potential Winner in Trade War
As the trade war between the United States and China threatens global balance, Bitcoin is increasingly seen as the next international reserve currency. The trade war, which began in 2018 with tariffs imposed by both countries, has resumed in 2023 with new restrictions on exports. Amidst stock market chaos and geopolitical tensions, Bitcoin stands out as a potential safe haven asset.
Bitcoin Price Dropped 25% in Q1 2025, But Crypto Volumes Rose 141% Due to Pro-Crypto Policy Shift
In the first quarter of 2025, institutional cryptocurrency trading volumes surged 141% YoY, according to Finery Markets. This reflects the market’s response to the first 100 days of a new pro-crypto political environment in the United States. January saw the strongest performance with 163.5% YoY growth, coinciding with Bitcoin reaching an all-time high above $109,000. The crypto OTC market continued its strong growth trajectory in Q1 2025.
Is It a New Bull Run or Just a Bear-Market Rally?
The market saw a significant turnaround on Wednesday, with the S&P 500 climbing by the most since 2008 and Bitcoin (BTC) gaining along with the broader crypto market, represented by the CoinDesk 20 (CD20) index. The rally was sparked by President Trump’s announcement of a 90-day pause on tariffs, fueling social-media Optimism of an imminent prolonged bull run. However, analysts at Goldman Sachs and elsewhere caution that such rallies are common even during larger bear markets, noting that multiweek, double-digit equity price rallies can have amplified effects due to light positioning.
