#加密市场季度观察

Market Capitalization Change: In the first quarter of 2025, the total market capitalization of cryptocurrencies fell from a high of $3.8 trillion at the end of 2024 to about $2.7 trillion, indicating an overall downward trend in the market.

Trading Volume Fluctuation: The average daily trading volume in the first quarter decreased by 27.3% compared to the fourth quarter of 2024, down to $146 billion, reflecting a decline in market participation.

Market Sentiment: Market sentiment fell to a freezing point at the end of the first quarter, KOLs were silent, investors gradually became desperate, and trading activity significantly decreased.