Part of the US of Bitcoin, Ether and Solana Trading Volume dropped under 45% while Asia caught
Rebound on digital assets since early April has been marked by a significant transition to activity, along with Asian trading hours that gained market sharing in global bitcoin
Volume of Ether and Solana spots trading, while the US continues to disappear into the ground.
Part of US trading part of the area volume in three main tokens drops below 45% in a 30-day simple transfer of average basis, which sank at a full time of over 55% at the beginning of 2025, according to data monitored by the institutional Crypto Prime Brokerage Firm Falconx. The latest reading is the lowest from the success of pro-crypto Donald Trump in the November president’s election.
Meanwhile, Asian trading hours now cost about 30% of global activity, with Europe providing residue.
Slower activity during the US period represents a change in the investor mixing with the driving price action, according to Falconx.
“It can be directed at increasing influence from non-US portfolio flow or suggest that US investors are more focused on markets beyond the crypto spot,” Falconx’s research leader David Lawant said on a note shared with CoinDesk.
Bitcoin, the leading cryptocurrency by market value, advanced 40% to $ 105,000 from hitting lows under $ 75,000 in early April, according to CoinDesk data. Ether and Solana advanced 87% and 68%, respectively, at the same time.
Low volume of BTC rally
Although the price of Bitcoin has intensified the new highs, the global trading activity has not been recovered from the levels seen earlier this year.
According to Falconx, the daily volume in the BTC spot markets, which averaged more than $ 15 billion on a 30-day basis after the November election, denied the April Sell-off and has since been held below $ 10 billion.
A low volume rally is often viewed as a bear trap. However, the case is not necessary at this time, as ETFs have recently gained popularity as investment vehicles.
According to Falconx, the aggregate volume of 11 listed areas listed in the US Bitcoin ETFs has climbed from approximately 25% of the BTC Market market area of a record of 45% under two months.
The spike in the ETF volume is primarily from bold directions that bet rather than non-direction arbitrage bets such as cash and trade, involving a long ETF position and a simultaneous short position in the futures of the CME BTC.
11 ETF spots have gathered $ 44 billion in net inflows since the beginning of January 2024, according to Farside Investor’s data investors. Blackrock’s Ibit, the largest of all, has attracted $ 6.35 billion in May, the most since January 2025, indicating the growing institutional demand for the BTC amid trade tensions and market jitters.
“All of these points in the room for growth and suggest that ETFs are likely to remain a major force behind the demand at this rally,” Lawant said.
