Crypto market cap up 39.6% in Q3, but spot volume across top 10 exchanges DOWN 14% 📊
September picked up hard — daily avg hit $94.8B vs $57.7B in July (CoinGecko data)
Lower volume ≠ less buying interest. Could signal:
• More HODLing behavior
• Shift to derivatives/perps
• Liquidity concentration in fewer hands
Price up, volume down = classic late-stage accumulation or low conviction pump. Watch for breakout confirmation with volume spike.
September picked up hard — daily avg hit $94.8B vs $57.7B in July (CoinGecko data)
Lower volume ≠ less buying interest. Could signal:
• More HODLing behavior
• Shift to derivatives/perps
• Liquidity concentration in fewer hands
Price up, volume down = classic late-stage accumulation or low conviction pump. Watch for breakout confirmation with volume spike.