Analysis: Buying momentum in altcoins is weakening, with trading volume declining over the past 30 days to $8 billion.

CoinFeed reported on April 7th that, according to a report released today by BIT independent analyst Markus Thielen, cryptocurrency spot trading volume has declined sharply. The average daily trading volume is projected to drop from $41 billion in December 2024 to $26.6 billion in October 2025, further falling to just $8 billion in the past 30 days. Spot trading volume, a key indicator of altcoin performance, reflects market participation and risk appetite. The current decline in trading activity explains the continued weakness of altcoins: sluggish trading activity has led to sluggish prices and deteriorating market sentiment. Any sustained altcoin rally depends on a substantial recovery in trading volume. Without a clear catalyst, a broad-based altcoin rally is unlikely; current trading volume is concentrated in a few altcoins, and overall market participation remains low.