If it doesn't rise soon, no one will play anymore.

The trading volume of cryptocurrency exchanges has dropped to a six-month low, with spot trading reaching a new low for this period.

As of April 20, the seven-day average trading volume of global cryptocurrency exchanges has fallen to approximately $32 billion, the lowest since October 2024, plummeting over 75% from the peak in December 2024. In terms of the ratio of spot to futures trading, Bitcoin and Ethereum have decreased to 0.19 and 0.20, the lowest levels since August 2024 and December 2023, respectively. Meanwhile, Solana's trading activity has seen a slight increase. $ETH