Cryptocurrencies: Trading volumes collapse as the market stagnates, according to JPMorgan
Thursday, December 11, 2025 MoMor
Cryptocurrency markets have begun to wobble again. This time it is not a spectacular crash, but a slow loss of momentum: cryptocurrency trading volumes are declining, prices are correcting, and even spot bitcoin ETFs are entering negative territory. For JPMorgan, the picture is clear: risk appetite is decreasing and the market is stagnating just when it should have confirmed its strong recovery.
In brief
Cryptocurrency trading volumes are contracting drastically across the market, from spot to derivatives and stablecoins.
Spot bitcoin ETFs and listed crypto products are experiencing massive outflows, a sign of clear disengagement from institutional investors.
Amid leverage, fears of a new crypto winter, and underperformance compared to stocks, the market appears more fragile, although this phase could also serve as a purge before a new cycle.
A cryptocurrency market that is running out of strength
After firmly denying that the closure of certain cryptocurrency accounts was part of a "political witch hunt" against Donald Trump, JPMorgan is once again focusing attention on the numbers. According to the bank, last month was characterized by a sharp decline in trading volume across the market. The spot market, derivatives, and stable cryptocurrencies: nothing was spared.
It is estimated that the spot trading volume of cryptocurrencies has decreased by about 19%, while other indicators such as TradingView suggest a similar drop, close to 23%. In other words, fewer trades, less liquidity, and a structurally more fragile market.
$BTR
