I just reviewed some data shared by BIT regarding spot trading volume, and the situation is quite concerning for altcoins. The outlook looks discouraging: we went from an average daily volume of $41 billion in December 2024 to only $26.6 billion in October 2025, and most critically, in the last 30 days, it plummeted to a mere $8 billion.

What's interesting is that trading volume is like the pulse of the altcoin market. When it drops like this, it essentially reflects a general lack of interest. Less volume means less participation, lower risk tolerance, and obviously, prices that lag behind. It's a vicious cycle: trading activity decreases, prices stagnate, and sentiment worsens even more.

For altcoins to truly take off in a consistent bullish cycle, we need to see a serious recovery in volume. Without that, it's hard to be optimistic. What we observe now is liquidity concentrating in a few assets while the rest of the market remains dormant. Without a clear catalyst to reignite overall participation, the likelihood of a widespread altcoin rally remains low. It’s a scenario that requires patience.