The encryption market research institution Santiment stated on platform X that in the last few days of 2024, the trading volume in the cryptocurrency sector has significantly decreased. Overall, compared to the previous week (which included Bitcoin's historical peak), the trading volume in the past week has decreased by 64%. The downward trend in trading, especially for speculative altcoins, is not surprising. With the holidays approaching and traders organizing their year-end finances, the last week of December is usually one of the least active periods of the year. In summary, if whales continue to show strong accumulation trends, the lack of retail participation could actually lead to at least one unexpected surge in 2024, while retail investors are largely disengaged.

Visible consolidation is still needed.