Sluggish spot volume holding back altcoins, says analysis

A recovery in spot trading volume is a prerequisite for an altcoin rally, according to an analysis by cryptocurrency financial platform BIT (formerly Matrixport). The firm said on X that daily average crypto spot trading volume has fallen from $41 billion in December 2024 to $26.6 billion in October 2025, and has recently dropped to around the $8 billion level. BIT described spot volume as a key indicator for altcoin performance, as it reflects market participation and risk-averse sentiment. The platform concluded that the current sluggish trading volume is a major factor behind the continued weakness in altcoins and that a recovery must precede any significant upward movement.