Spot crypto trading volumes have fallen by half since October as liquidity dried up and investor engagement weakened.Spot crypto trading volumes on major exchangesSpot crypto trading volumes have fallen by half since October as liquidity dried up and investor engagement weakened.Spot crypto trading volumes on major exchanges

Spot crypto volumes plunge to 2024 lows as investor demand weakens

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Spot crypto trading volumes have fallen by half since October as liquidity dried up and investor engagement weakened.

Spot crypto trading volumes on major exchanges have fallen from around $2 trillion in October to $1 trillion at the end of January, indicating “clear disengagement from investors” and weaker demand, according to analysts. 

Spot crypto volumes plunge to 2024 lows as investor demand weakens

Bitcoin (BTC) is currently down 37.5% from its October peak amid a liquidity drought and a major bout of risk aversion, causing volumes to contract.  

“Spot demand is drying up,” said CryptoQuant analyst Darkfost on Monday, adding that the correction “has been largely driven by the Oct. 10 liquidation event.” 

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