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The numbers are there. Trading volume on crypto exchanges fell to around $1.59 billion in November, the bottom level since June. A decline of around 26.7% in comparison with October, which is questioning each traders and long-term investors.
Volumes are at their lowest level since June: a crypto market taking a pause
Volume on centralized exchanges rose to $1.59 billion in November from $2.17 billion in October. It is a sudden drop, almost a 3rd of activity which disappears inside a month and represents the bottom level since June 2025.
Binance stays the leader with volume of virtually $599 billion, but here too The decline is important in comparison with the previous monthabout -26%. It is followed by Bybit, Gate.io and Coinbase, all of that are affected by the identical contraction. So this isn’t a platform-specific problem, but a world phenomenon.
On the DeFi side, the image isn’t any more encouraging. DEXs recorded roughly $397.8 billion in volume in November, in comparison with $568.4 billion in October, again the bottom level since June. Industry leaders Uniswap and PancakeSwap are each seeing volumes fall by around a 3rd.
Volatility at half-mast, traders cooled off and capital shrank
Why this sudden drop when crypto continues to be at the middle of economic news? The probability has evaporated after the rally of the previous few months. The market has moved from a phase of euphoria to a phase of digestion. Traders who had bet on rising profits. Then they simply faded away and waited for a brand new strong signal.
Furthermore, institutional flows have reversed. US spot Bitcoin ETFs recorded in November Net outflows of roughly $3.5 billion. This is the very best withdrawal month since February. This robotically puts a strain on the depth of the market, especially for major currency pairs like BTC and ETH.
Spot Bitcoin ETFs have just proven that they’re the brand new price setters.
Selling pressure in November has not weakened their influence; it confirmed it.
US spot Bitcoin ETFs recorded $3.48 billion in net outflows this month, the weakest since February.
➣ Cumulative Bitcoin ETF net inflows: $57.7 billion… pic.twitter.com/HDjQjsRE8t
— THEDEFIPLUG (@TheDeFiPlug) December 1, 2025
The macro context doesn't help either. After flirting with records above $110,000, Bitcoin corrected sharply and returned to the zone $80-90,000. This decline led to chain liquidations of heavily leveraged positions. Enough to discourage short-term traders and encourage market makers to cut back their exposure and their books.
Falling Volumes: How Can a Crypto Investor Adapt?
When activity decreases, forcing trades becomes dangerous. The gaps turn into larger, the deviations increase and even the slightest mistaken move is dear. In such markets, patience is a bonus. Let the noise subside higher and Focus on just a few key technical levels as a substitute of multiplying orders out of boredom.
Progressive accumulation strategies like DCA are coming into their very own. Buying at regular intervals in a consolidating market permits you to smooth out the entry price without having to “time” the proper bottom. It's not spectacular or exciting, but historically it's these low periods that construct one of the best long-term positions.
Another area that is commonly neglected: using these latency periods to deploy your capital otherwise. Staking, lending, returns on proven protocols and even access to chose pre-sale projects. Instead of affected by a stagnant market, The investor can convert this downtime right into a preparation phase. Especially on this climate, certain alternative projects are emerging.
PepeNode ($PEPENODE): virtual mining 2.0 that uses off-peak phases
The success of RollerCoin has shown that there’s a huge demand for virtual mining. Hundreds of 1000’s of players have shown that they’re able to mine without ever buying machines or paying an electricity bill. But the model had two major flaws: gameplay based on repetitive mini-games and an experience that didn't really exhibit real crypto mining.
PepeNode ($PEPENODE) arrives exactly where RollerCoin runs out of steam. The project puts strategy at the guts of the sport. Every decision counts: which nodes you purchase, how you mix them, if you expand your server room, if you use your computing power. We not just click to gather points. We are constructing a coherent system that directly determines the quantity of cryptocurrencies earned.
Above all, PepeNode goals to simulate real mining, but in a 100% virtual environment. This concept has already secured him a spot on best memecoins amongst gamers who love GameFi. Players manage their hashrate, optimize their rigs and improve their configurations. Later, they will even intervene in cooling, energy management and other parameters inspired by skilled mining farms. The feeling is near that of an actual miner, but without the slightest material expenditure or technical limitations.
This approach is timely in a market where trading volumes are at half-mast. As the order books of crypto exchanges empty, Gamer investors can direct a few of their attention to a gaming ecosystemdesigned to generate flows in PEPE, FARTCOIN and other partner tokens, just by optimizing their virtual infrastructure. In the eyes of many profit hunters, the project is already top-of-the-line Pre-sale for brand spanking new memecoins to observe. The PepeNode pre-sale then becomes a gateway to position yourself early on this latest generation “mining game” universe.
When the market falls asleep, builders are busy
L'Collapse of volumes on crypto exchanges doesn’t mean the market is dead. Above all, it suggests that hectic trading is taking a break. Strong hands accumulate, ETFs readjust, market makers recalibrate their risks. On the surface, every thing appears to be frozen. In detail it’sThe capital is being repositioned.
For the investor, things are easy. Use this respite to review your strategy, strengthen your beliefs, and explore projects that don’t depend solely on every day vulnerability. Strong pre-sales and hybrid models between gaming, mining and yield like PepeNode fit exactly into this logic.
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