On the night of October 11, 2025, the cryptocurrency market experienced a significant wave of margin position liquidations, leading to a mass shift of traders to spot trading. According to CryptoQuant, following this, investors became cautious and changed their strategy, preferring transactions with real assets over using leverage.
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Increased Activity in the Spot Market
Experts emphasize that the recovery of activity on spot platforms could signal the beginning of a sustainable market recovery. According to CryptoQuant, the largest cryptocurrency exchange, Binance, maintains its leadership in the spot trading segment: the transaction volume with Bitcoin here exceeded $180 trillion. In comparison, in September, the average daily trading volumes on Binance were $3–5 billion, and have now stabilized at $5–10 billion per day.
New Trends Among Investors
Analysts note that the return to spot instruments is forming a healthier market structure. This trend could serve as a foundation for further structural growth in the future. The development of the spot market often precedes new waves of speculative activity using derivatives.
“Historically, market cycles show that phases of spot accumulation often precede structural recoveries. When spot liquidity returns to the market, it creates a healthier base on which derivatives speculation can later trigger new price movements,” concluded CryptoQuant.
Previously, crypto analyst PlanB expressed the opinion that the maximum price of Bitcoin could be reached during the period of 2026–2028.