- Altcoin trading went over $20B after October 10 as traders moved away from risky bets and chose safer spot trading.
- The big market cleanup gave investors more confidence and helped the crypto market grow in a steadier, healthier way.
- From 2023 to 2025, altcoins kept leading the action, showing that people still believe in the crypto market’s long-term strength.
The cryptocurrency market experienced intense volatility on October 10. A massive liquidation wave wiped out leveraged positions across major exchanges, forcing investors to reassess risk exposure.
According to Darkfost, “The intensity of the market movement on October 10th could actually have a positive medium-term impact.” He noted that the liquidation event cleared excessive leverage, creating space for healthier market activity.
In a single day, altcoin spot trade volumes also surged, reaching over $20 billion. Furthermore, Bitcoin’s spot volume doubled, suggesting a notable return to trading without leverage. Stability is now given more weight than speculative leverage by traders in an effort to attain more sustainable market participation.
Rising Momentum Across the Market
Altcoins dominated the market from October 2023 to January 2024, with a trading volume of $25 billion. Although altcoins dominated the time, Bitcoin still contributed. But as volumes fell and trade activity leveled off in the spring and early summer, there was a correction.
By October and November 2024, altcoins regained momentum, pushing trading volumes near $18 billion. Bitcoin remained steady, while altcoins continued driving most market activity. Consequently, optimism returned to the crypto market, supported by renewed participation across various digital assets.
Renewed Activity and Future Outlook
With daily volumes ranging from $6 to $12 billion, market activity was constant but moderate during the winter of 2024–2025. In particular, as a sign of renewed confidence, altcoin volumes also rose again, hitting $15 billion by mid-2025. In September 2025, $20 billion worth of cryptocurrency transactions were recorded.
Hence, the data reveals a steady structural recovery within the crypto ecosystem. As Darkfost observed, the liquidation “might also have a healthy effect on the market by redirecting investors’ attention back to the spot market.”
