加密市场持续去杠杆，二季度现货交易量创2023年Q3新低

OdailyOdaily Planet Daily News Institutional FalconX released a crypto market analysis report for the second quarter of 2026, indicating that the industry continued its deleveraging trend this quarter. Data shows that the total spot trading volume across all platforms in Q2 was $1.6 trillion, a sequential decline of 25% and a significant year-over-year drop of 42%, hitting the lowest level since the third quarter of 2023. Futures trading volume stood at $9 trillion, down 12% month-over-month and 31% year-over-year, respectively. The open interest in the futures market fell back to $53.2 billion, nearly halved from the peak of $122.2 billion in October 2025. The turnover rate of trading dropped to 1.6 times, indicating weakened speculative appetite and an increased share of long-term holdings.

Pressure on the funding side is evident. Bitcoin spot ETFs saw net outflows of $4.9 billion in Q2, bringing the year-to-date cumulative net outflows to $5.4 billion. The total supply of stablecoins decreased by $7.4 billion to $313.8 billion, marking the first contraction in several quarters. FalconX judges that the current market deleveraging phase has largely ended, with trading volumes showing signs of recovery in June. Key catalysts for the upcoming Q3 market dynamics will come from the legislative progress of the US CLARITY Act and changes in spot ETF fund flows. (Crowdfundinsider)