Bitcoin spot volume plunges to lowest level since 2024
After peaking around $25 billion a day during the 2025cryptobull market, Bitcoin (BTC) spot volume has crashed to the lowest level since 2024. TheBitcoinspot volume, which measures the total spot volume in. . .
After peaking around $25 billion a day during the 2025cryptobull market, Bitcoin (BTC) spot volume has crashed to the lowest level since 2024. TheBitcoinspot volume, which measures the total spot volume in United States dollars, has plunged to around $4. 5 billion a day, according todatafromCheckonchainanalyzed by Finbold on July 30BTC spot volume. Source: CheckonchainThe Bitcoin spot volume has tumbled below $5 billion a day for the first time since its rally in the first half of 2024, which was catalyzed by the approval of several U. S. spot BTCETFs(exchange-traded funds). The asset’s spot volume topped out at approximately $25 billion a day after the flagship coin hit $100,000 for the first time. As BTC price was rejected at a monthly resistance level near $103,029 in February 2025 and capitulated over 22% by March, its spot volume tanked to about $5 billion. In the subsequent BTC price corrections, BTC spot volume has spiked during major sell-offs. For instance, Bitcoin’s spot volume increased to $16 billion, from slightly above $5 billion, during the February 2026 panic selling. However, the daily traded spot volume has fallen below $5 billion during the recent rebound from $58,500 to $66,499. Why is Bitcoin spot volume drying up?Bitcoin spot volume has fallen to the lowest level since 2024 due to reduced whale activity. Furthermore, the Bitcoin holder net position change, which shows coins that are unspent for at least 155 days, shows long-term investors have been steadily accumulating, but at a noticeably slower pace. Notably, long-term Bitcoin holders’ net additions dropped from around 40,000 BTC in late May to about 14,000 BTC in late July, as permetricsfromCheckonchain. Bitcoin holder net position changeBTC price analysisBitcoin price has cratered more than 45% over the past year amid diminishing spot volume. At press time, the asset traded at $63,710, down 1. 82% over the past seven days. BTC chart for 1 year. Source: FinboldAs such, the Bitcoin price recovery narrative remains pegged to a rebound in its spot volume. Best Crypto Exchange for Intermediate Traders and InvestorsInvest in cryptocurrencies and 3,000+ other assets including stocks and precious metals. 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro. com/trading/fees. Copy top-performing traders in real time, automatically. eToro USA is registered with FINRA for securities trading. 30+ millionUsers worldwideeToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more. Join Finbold's newsroom, become a Sales Executive today!Apply now to join Finbold as a crypto/finance news writer!Open Positions