Key Takeaways
- April futures volume: $5.0T, lowest since Oct ’24, down 9.6% from March.
- Peak-to-current decline: 54.2% from Oct ’25’s $10.91T high.
- Binance holds 28.2% of total April volume at $1.41T.
- Oct ’24 trough at $4.1T preceded a volume doubling within two months.
How far the market has fallen from its peak
The October 2025 peak of $10.91T now sits 54.2% above April’s reading. The contraction did not happen evenly.


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