BlockBeats news, on 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 fallen to approximately $21.4 billion, a nearly 80% decline from the peak of $104.3 billion reached in October 2025.
Analysts say the biggest risk in today’s crypto market is not simply a decline, but “indifference fueled by a lack of clear direction.” The market’s apathy and hesitation may be becoming the primary challenge of this cycle.
According to The Block data, crypto trading volume surged in the second half of 2025, peaking in October, after which trading activity steadily declined. As of July 2026, market volume has fallen to its lowest level in nearly a year.


