Analyst: Trading Volume of Altcoins on CEXs Plummets, Investor Interest Continues to Decline

According to Cryptoquant analyst Darkfost, the trading volume of altcoins on Binance and other major exchanges has significantly declined, reflecting a noticeable weakening in investor interest. Despite the ongoing bear market, altcoins continue to significantly lag behind Bitcoin. Currently, the altcoin trading volume on Binance is approximately $7.7 billion, while other major exchanges combined total around $18.8 billion. This is far below the active trading period from October 2024 to February 2025, when Binance's volume ranged between $40–50 billion and other exchanges saw volumes of about $63–91 billion.

Relatively speaking, Binance currently accounts for about 40% of the total altcoin trading volume, meaning nearly one out of every two dollars in altcoin trading is conducted on this platform. Past peaks in trading volume typically occurred during local market highs, associated with FOMO (Fear of Missing Out) phenomena, serving as liquidity windows for investors to cash out.

Darkfost pointed out that despite the unfavorable market environment, such data remains worthy of attention. Historical experience shows that the most attractive investment opportunities often emerge during periods of low market interest, when the majority of investors are on the sidelines.