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>>Centralized crypto exchange activity cools, with volume down 48% since Bitcoin's all‑time high.

Centralized crypto exchange activity cools, with volume down 48% since Bitcoin's all‑time high.

crypthub

about 3 hours ago

Volume Decline

CryptoQuant data shows centralized‑exchange trading volume fell to $4.3 trillion, about 48% below the October peak. The metric tracks total asset movement on exchanges. The drop follows a bearish reversal since Q4 2025.

Peak Activity and Price Rallies

Volume surged in late 2024 and again in 2025 as Bitcoin reached a new all‑time high, illustrating how price rallies spur trading. Bull markets generate hype and higher turnover, while sideways or down markets deter participants.

Market Composition and Exchange Dominance

Only $0.8 trillion of current volume occurs on spot platforms, meaning perpetual futures dominate activity. Binance remains the largest CEX, though its share has shrunk from earlier cycles.

Bitcoin Breaks Trader Realized Price

Bitcoin recently moved above the Trader Realized Price, the average cost basis of recent buyers, and now trades near $71,800, up over 7.5% in a week. Analysts suggest that holding this level could open the path to $79 k, a key bear‑market ceiling.