Bitfinex notes 66% drop in spot volume, likens it to pre-rally lull

Bitfinex has stated that crypto spot trading volume in the fourth quarter has fallen 66% from its January peak, a trend similar to the lulls seen in past cycles before a subsequent rally, Cointelegraph reported. Separately, regarding the limited market reaction to the Federal Reserve's recent 25-basis-point rate cut and Strategy's $962 million BTC purchase, CoinEx analyst Jeff Ko commented that these developments were already priced in.