Santiment: Crypto Trading Volume Hits 2-Year Low as Relief Rally Signals Emerge

Bitcoin, Ethereum, and other major cryptocurrencies have recorded their lowest trading activity in two years, according to crypto analytics platform Santiment.

The data shows that trading volume across leading non-stablecoin assets has dropped back to levels last seen in mid-2024, highlighting a clear slowdown in overall market participation as traders remain hesitant to commit to strong buying or selling positions.

This subdued activity comes amid broader macroeconomic uncertainty, geopolitical tensions, and recent liquidation events, all of which continue to weigh on sentiment and keep many investors on the sidelines.

Even so, Santiment notes that similar low-volume conditions have often emerged during phases of market exhaustion. In previous cycles, such periods have sometimes been followed by recovery moves, as improving confidence and fresh inflows bring sidelined capital back into the market—potentially paving the way for a relief rally.

Source: Santiment