Low trading volume reflects a reluctance among market participants to make aggressive bets in either direction right now.

New data from on-chain analytics firm Santiment shows that trading activity across crypto’s largest non-stablecoin assets has fallen to levels not seen since 2024.

According to the company, the slowdown is pointing to a market where traders have largely stepped back, a condition that has often appeared before relief rallies when confidence eventually comes back.

Crypto Traders Retreat as Volumes Dry Up

Santiment’s analysis, shared on X on June 11, noted that top-cap assets are seeing two-year low trading volumes and framed that as a potential…