[Crypto Spot Trading Volume Remains Sluggish, 7-Day Average Down Nearly 80% from 2025 Peak] BlockBeats News, July 20: The cryptocurrency spot trading market remains in a sluggish state. Data shows that the 7-day moving average of spot trading volume on crypto exchanges has dropped to approximately $21.4 billion, down nearly 80% from the peak of $104.3 billion recorded in October 2025. Analysts indicate that the biggest risk in the current crypto market is not simply a decline but rather a 'wait-and-see sentiment lacking clear direction.' The indifference and hesitation of market participants may be becoming the primary challenge in the current cycle. According to data from The Block, crypto trading volume surged rapidly in the second half of 2025, reaching a peak in October, but trading activity has since steadily declined. As of July 2026, market trading volume has fallen to its lowest level in nearly a year. [Original Link]