Bitcoin [BTC] been quiet as of late, but the big players say there’s more to it than you know. Interestingly, retail activity has also slowed down over the same time period.
That contrast makes for an interesting market watch.
Strategy cuts debt, sees higher Bitcoin yield
Finally, Bitcoin’s spot trading volumes have fallen massively since October 2025. Activity is now close to levels last seen in the 2023 bear market.
While Binance may still be market leader, its BTC spot volume has dropped from around $198.6 billion in October to about $36.4 billion at press time.
Gate.io and Bybit have registered this decline too.
This means that traders may have become massively cautious, which may have to do with macro uncertainty pushing investors towards safer assets.
However, low volume is not always negative. It can also mean less pressure to sell.
Final Summary
- Strategy cut debt by $1.5B and improved BTC yield, with the greater corporate buying trend continuing as per usual.
- Bitcoin spot trading volume has collapsed since late 2025.
