{"id":23248,"date":"2025-04-21T15:38:44","date_gmt":"2025-04-21T12:38:44","guid":{"rendered":"https:\/\/forklog.com\/en\/cryptocurrency-exchange-volume-hits-six-month-low-amid-rising-derivatives-demand\/"},"modified":"2025-04-21T15:38:44","modified_gmt":"2025-04-21T12:38:44","slug":"cryptocurrency-exchange-volume-hits-six-month-low-amid-rising-derivatives-demand","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cryptocurrency-exchange-volume-hits-six-month-low-amid-rising-derivatives-demand\/","title":{"rendered":"Cryptocurrency Exchange Volume Hits Six-Month Low Amid Rising Derivatives Demand"},"content":{"rendered":"<p>On April 20, the combined trading volume (7 <span data-descr=\"day moving average \" class=\"old_tooltip\">DMA<\/span>) on platforms such as <a href=\"https:\/\/www.binance.com\/ru\">Binance<\/a>, Coinbase, and Bitfinex fell to $30 billion\u2014its lowest since mid-October 2024. This data was reported by <a href=\"https:\/\/www.theblock.co\/post\/351318\/crypto-exchange-volume-falls-to-6-month-low-as-traders-flee-spot-for-futures\">The Block<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/11-60.webp\" alt=\"11-60\" class=\"wp-image-257182\"\/><figcaption class=\"wp-element-caption\">Source: The Block.<\/figcaption><\/figure>\n<p>From a peak in early December ($132 billion), the figure has plummeted by more than 75%.<\/p>\n<p>Similar trends are observed among DEXs. By the end of April, turnover may also reach its lowest since October.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"241\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1525-1024x241.png\" alt=\"1-1525\" class=\"wp-image-257183\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1525-1024x241.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/1-1525-300x70.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/1-1525-768x180.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/1-1525.png 1524w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: The Block.<\/figcaption><\/figure>\n<p>The publication noted a decline in market activity following a brief surge at the start of the month after <a href=\"https:\/\/forklog.com\/en\/news\/trump-declares-liberation-day-with-new-tariffs\">President Donald Trump&#8217;s &#8220;liberating&#8221; tariffs<\/a>, which triggered increased volatility.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Crypto Derivatives<\/strong><\/h2>\n<p>The ratio of Bitcoin trading on the spot to the futures market (30 DMA) decreased to 0.19\u2014its lowest since August 2024. For Ethereum, the corresponding metric fell to its lowest since December 2023 (0.2).<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-1079.webp\" alt=\"2-1079\" class=\"wp-image-257184\"\/><\/figure>\n<p>According to the publication, the weekly volume of Solana-DEX increased relative to its Ethereum counterpart, reversing the trend characteristic of mid-January to March.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/3-605.webp\" alt=\"3-605\" class=\"wp-image-257185\"\/><\/figure>\n<p>Earlier, the volume of coins staked in Solana <a href=\"https:\/\/forklog.com\/en\/news\/solanas-staking-volume-matches-ethereums-a-bullish-signal\">equaled<\/a> that of Ethereum. Experts did not interpret this as a bullish signal for SOL.<\/p>\n<p>In February, VanEck <a href=\"https:\/\/forklog.com\/en\/news\/sec-reviews-grayscales-solana-etf-application\">forecasted<\/a> Solana&#8217;s rise to $520 by the end of 2025.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On April 20, the combined trading volume (7 DMA) on platforms such as Binance, Coinbase, and Bitfinex fell to $30 billion\u2014its lowest since mid-October 2024. This data was reported by The Block. Source: The Block. From a peak in early December ($132 billion), the figure has plummeted by more than 75%. Similar trends are observed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,1168,787,1145,1159],"class_list":["post-23248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-crypto-derivatives","tag-dex","tag-market-analysis","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=23248"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23248\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/23247"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=23248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=23248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=23248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}