news 
Cautious Traders Drive Crypto Activity to Lowest Levels Since Pre-“Trump Pump” Era
Crypto trading volumes have plummeted to their lowest levels since the pre-“Trump Pump” era, according to Santiment data. This significant decline in market participation is largely attributed to cautious traders who are hesitant to engage with the market amid election uncertainty and broader macroeconomic concerns.
The recent trend indicates a sharp decline across various sectors, including meme coins, Layer 2 tokens, and AI/Big Data-related assets. The drop in trading activity is stark, with notable decreases observed in DOGE, NEAR, MATIC, and BTC.
As risk aversion takes over the market, traders are opting for caution over aggressive trades. This shift in sentiment has led to reduced engagement across various crypto segments, including meme coins, Layer 2 tokens, and AI/Big Data-related assets. The data suggests that this decline is largely driven by external factors, such as election uncertainty and macroeconomic concerns.
Historical patterns indicate that heightened caution can create favorable conditions for a future recovery. Consequently, traders may shift their focus to capitalize on undervalued opportunities as confidence improves.
Source: cryptonewsland.com
