🚨CRYPTO #EXCHANGE VOLUME DROPS TO 6-MONTH LOW
🔹Trend: Exchange activity has plummeted across CEXs and DEXs, with spot trading hitting its lowest levels since Oct 2024 (BTC) and Dec 2023 (ETH).
🔻Volume: 7-day average fell to ~$32B on April 19, down 75% from Dec 2024’s $132B peak.
🔹Spot vs Futures: Spot trading now accounts for just 19% of BTC and 20% of $ETH activity—lowest in months—indicating a shift toward speculative futures trading.
🔹ETFs: Volume in Bitcoin and Ethereum spot ETFs also hit multi-week lows.
🔹#Solana : Bucking the trend slightly, Solana's volume is rising vs. Ethereum, recently claiming 70% of crypto app revenue on one day.
-The Block$BIGTIME
