Every Zipp story tagged #SpotVolume, newest first.
The quarter’s split points to a valuation rebound outpacing spot activity, while rising dollar open interest does not by itself prove new inflows or greater leverage.
The rally broadened across all 14 tracked exchanges, while Binance retained a 44.2% share and the top three venues became slightly less concentrated.
A second consecutive monthly gain points to recovering spot activity, even as the quarter closed lower overall.
Glassnode notes similar spikes have coincided with local Bitcoin tops, making the volume shift a market signal to watch rather than a confirmed reversal.
The risk-on rotation has historically coincided with local Bitcoin tops, making the volume shift a caution signal as well as a sign of stronger altcoin demand.
Multi-venue participation is the structural read; an 11-session ETF inflow streak snapping on a $7.2M outflow is the tactical risk the weekend now has to clear.
Two floors in a single quarter is the structural signal: the spring reference has now failed twice in three months, and that re-prices how any Q3 rebound gets measured.
ETH's key levels stretch from $1,713-$1,740 support to $1,950 and $2,000 resistance, with sustained spot buying needed to open a path toward $2,100.
A 74% drawdown in centralized-exchange spot turnover since the August peak is not a typical mid-cycle cooldown; it points to structural thinned liquidity that magnifies every directional move.
The 30-day moving average has slipped under 2024 levels, and Glassnode frames the dip as a quiet regime, not a structural break, with attention rotated elsewhere until $BTC momentum returns.
Spot volume at $3T and futures at $15.7T mark the third straight quarter of decline, with new token listings also collapsing to a two-year low as the sector downturn deepens.
Crypto spot trading volume has fallen to its lowest level since October 2023, according to on-chain analytics firm…
CryptoSlate
WuBlockchain
Crypto Rank News
CoinTelegraph
Glassnode
Crypto News