[BIT: Altcoin Trading Volume Plummets to $8 Billion] Independent analyst Markus Thielen's chart analysis shows that cryptocurrency spot trading volume continues to decline, with the average daily trading volume dropping from $41 billion in December 2024 to $26.6 billion in October 2025, and further falling to $8 billion over the past 30 days. Spot trading volume, as a key indicator of altcoin performance, has seen sustained contraction in trading activity, weak price trends, and deteriorating market sentiment. Analysts believe that in the absence of catalysts, the likelihood of a broad-based rally is low. Trading volume remains concentrated on a few assets, market participation is still limited, and a substantial recovery in trading volume is needed for altcoin momentum to improve.