Global spot trading volume drops in September to lowest level since June

Crypto market trading activity cooled off in September with global spot volumes across centralized exchanges sliding to $1.67 ￰0￱ 9.7% drop from August’s $1.85 trillion is the lowest level since June. However, the dip shows a quieter month for traders even as Bitcoin’s price surged toward new ￰1￱ crypto market cap regained the $4 trillion mark in October with ￰2￱ looked like a major recovery for the market as Bitcoin price rallied from trading below $110,000 straight to above $120,000. The Fear and Greed Index shows that sentiments are still “Neutral” but tilting towards “Greed” ￰3￱ still leads, but volumes slip Data shows that Binance remained the dominant exchange in the spot trading stats, though its volume slipped to $636.5 billion from $737.1 billion in ￰4￱ followed with $132.1 billion, while ￰5￱ and Bitget handled $124 billion and $117.9 billion, ￰6￱ trading also lost a bit of momentum as DEX volumes dipped slightly to $363.4 billion in September from $368.8 billion the month ￰7￱ that, Uniswap’s turnover dropped to $106.5 billion from $143 billion.

However, PancakeSwap saw activity climb to $79.8 billion from $58.7 ￰8￱ trading might have slowed down over the past months, but Bitcoin ETFs quietly reversed ￰9￱ spot Bitcoin funds logged $3.53 billion in net inflows during September, rebounding from $751 million in outflows in August. However, BTC ETFs had posted an inflow of over $6 billion in ￰10￱ price surged by more than 12% over the past 30 ￰11￱ is trading at an average price of $124,475 at the press ￰12￱ 24-hour trading volume is hovering around $53.5 ￰13￱ breaks new high as gold joins the run On-chain data tells a similar story of shifting ￰14￱ Bitcoin rallies, the average BTC inflow to exchanges has declined from 0.55 to ￰15￱ suggests fewer investors are moving coins to ￰16￱ other words, the latest leg higher from around $108,000 to $124,000 appears driven by real demand and long-term holders, not short-term profit-taking.

That’s reinforced by broader market ￰17￱ inflows typically signal selling pressure , but the current downtrend in exchange deposits suggests conviction is building among ￰18￱ inflows spike again, a warning sign that whales may be preparing to sell, the rally looks well-grounded for ￰19￱ itself set a fresh record on Sunday, climbing as high as $125,689. This is BTC’s first new peak since mid-August as investors piled into so-called “debasement trades” amid the ongoing US government ￰20￱ key economic data releases halted, including nonfarm payrolls, risk appetite shifted sharply toward hard ￰21￱ mirrored that move, hitting a record above $3,900 per ounce on Monday and extending a months-long ￰22￱ seen where it ￰23￱ in Cryptopolitan Research and reach crypto’s sharpest investors and builders.