Crypto Markets So Bored They Might as Well Be Sleeping: Volume Hits a Yearly Low

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The market sentiment, as lively as a Sunday snooze, appears to have succumbed to a collective yawn.

In the month that just tiptoed by, trading volume floated down to a modest $1.6 trillion. Seems like our dear traders have decided it’s time for a little R&R after months of roller-coaster antics-who can blame them? 🥱

If the momentum were a motorcar, it’d be stalled on the side of the road, smoking and peacefully dozing. Now, the eternal question: which way will we jolly well swing next? A gentle sway or a wild lurch? Hold onto your bowler! 🎩

Trading activity takes a nosedive-like a buffoon in a trapeze act

Crypto trading volumes in November decided to take an early holiday and plunge again-down to around $1.6 trillion. The weakest since June, it seems trading volumes have developed an exquisite taste for the doldrums.

According to the wise folks at The Block, the decline was more obvious than a hat on a pigeon’s head across all platforms. Binance, usually the Belle of the Ball, saw its monthly excitement shrink quite noticeably from October’s big splash.

Other major players-OKX, Coinbase, Bybit, Kraken-also decided to join the “less is more” party, with volumes thinning out and showing no obvious signs of getting jiggy again.

This isn’t exactly a surprise-about as shocking as a cat jumping on a hot tin roof. Since the December 2024 surge-where volumes briefly soared past $3 trillion-the trend has been downward, with the market sneaking around like a shy maiden at a dance.

After a brief flirtation with sunnier days in July and October, it’s back to the doldrums. Trading activity, in short, has decided to take a long nap. 🌙

DEXs and CEXs-gone South faster than a potted plant in summer

According to the clever folks at DeFiLlama, daily DEX volume is resting at a modest $8.1 billion, with the 30-day total barely nudging about $399 billion-down 22% from last week. Ouch.

Nostalgia strikes-January and February saw more fireworks than a Guy Fawkes night, with spikes above $30-$50 billion daily. But these days, it’s more like watching paint dry-mostly in the $5-$15 billion vicinity. Even October’s brief flirtation with activity came to a swift end, and November tiptoed back into the shadows.

Retail traders and the lively bunch of active traders have all thrown in the towel and decided to chill out for a bit.

What’s the game plan now, old sport?

Seeing both CEXs and DEXs languish at multi-month lows, the market’s confidence has taken a nosedive, like a bird startled by a balloon. When activity dries up, liquidity thins out faster than butter on hot toast, making price swings as unpredictable as a cat on a hot tin roof.

Traders are itching for signs-any sign-that this stew of stagnation might turn flavorful again. Until then, the market’s just drifting aimlessly, like a yacht in the doldrums.

Final musings

  • With exchange volumes and DEX activities hitting the snooze button, confidence in the market is doing the disappearing act.
  • Until some shiny new catalyst appears, expect the price to dance to a less predictable tune-probably with more twirls than a ballet class.

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2025-12-02 07:09