According to data shared by Cointelegraph citing Blockworks and Coinbase, demand for Bitcoin among digital asset traders has fallen to its lowest level of 2025, even as prices recover from recent dips.
The chart shows a steep decline in Bitcoin’s seven-day trailing purchase volume across major exchanges, signaling a drop in speculative trading activity. After surging past $8 billion in August, weekly BTC purchases have steadily fallen to under $1 billion in late October, a level not seen since early Q1.
Analysts suggest the decline highlights a shift in market structure: traders appear to be taking profits and moving capital toward altcoins and stablecoins, while institutional buyers, such as ETFs and treasury companies, now dominate spot accumulation. This pattern has led to reduced volatility, but also a slower momentum in Bitcoin’s short-term price action.
Despite subdued demand, Bitcoin’s market resilience remains notable. Long-term holders and corporate entities continue to absorb supply, mitigating the downside. Still, analysts warn that without renewed retail participation, sustained breakouts could be harder to maintain in the near term.
The data reinforces a growing divide between speculative trading volumes and long-term holding behavior, a sign that Bitcoin’s market maturity may be deepening, even as short-term appetite cools.
