Cryptocurrency Spot Trading Volume Remains Depressed, 7-Day Average Down Nearly 80% from 2025 Peak

BlockBeats News, July 20th, the cryptocurrency spot market is currently still in a slump. Data shows that the 7-day moving average of spot trading volume on cryptocurrency exchanges has dropped to around $21.4 billion, nearly an 80% decline from the peak of $104.3 billion set in October 2025.

Analysts believe that the biggest risk in the current crypto market is not simply the decline, but the "lack of a clear direction and a wait-and-see sentiment." Market participants' indifference and hesitancy may be becoming a major challenge in the current cycle.

According to The Block data, cryptocurrency trading volume surged in the second half of 2025, reaching its peak in October and then steadily declining. As of July 2026, market trading volume has dropped to nearly a one-year low.