Crypto spot trading activity is still muted, according to GSR Head of Research Frank Chaparro, who said on July 19 that volumes remain far below their previous high. He said the current 7-day moving average for crypto spot trading stands at $21.4 billion, compared with a peak of $104.3 billion recorded in October 2025. That puts the current figure down by nearly 80% from the high.
Chaparro also pointed to investor hesitation as the key risk now facing the sector. In his view, the wait-and-see mood in the market is the most concerning factor in crypto at the moment. The comments, cited by TechFlowPost, frame weak spot activity not just as a volume issue, but as a sign of broader caution across the market.
Crypto spot trading volumes remain subdued, GSR Head of Research Frank Chaparro said on July 19.
According to the figures he cited, the current 7-day moving average for crypto spot trading has fallen to $21.4 billion, down nearly 80% from the October 2025 peak of $104.3 billion.
Chaparro said the market’s wait-and-see mood is the factor in crypto that deserves the most caution right now.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
