Bitcoin spot trading volume decreased 70% in April

Quick Take

  • According to SwissBlock data, spot traded volume decreased by nearly 70% in April (MoM).
  • This has been a trend that CryptoSlate has been monitoring for some time, and the spot-to-futures ratio has dropped considerably, according to the Block.
  • Even though the futures side has also seen demand drop, we seem to be in this regime of a spot-to-futures ratio of 0.2.
  • Coupled with an illiquid market, this can make the market even more irrational with price action.
Bitcoin Volume: (Source: SwissBlock)
Bitcoin Volume: (Source: SwissBlock)
Spot: (Source: The Block)
Spot: (Source: The Block)

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