CoinVoice has learned that, according to CoinDesk citing Glassnode data, the spot trading volume of Bitcoin and altcoins has fallen to the lowest level since November 2023, despite the continued price increase, indicating weak market participation and fragile demand. Since the $19 billion liquidation event in October 2025, market depth has not fully recovered, and liquidity remains fragile, making prices more susceptible to small trades driving or reversing the trend.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
CoinVoice has learned that, according to CoinDesk citing Glassnode data, the spot trading volume of Bitcoin and altcoins has fallen to the lowest level since November 2023, despite the continued price increase, indicating weak market participation and fragile demand. Since the $19 billion liquidation event in October 2025, market depth has not fully recovered, and liquidity remains fragile, making prices more susceptible to small trades driving or reversing the trend.