Crypto Market Downturn in Q4 2025: Key Metrics Revealed



The cryptocurrency market faced significant headwinds during the final quarter of 2025, with total market capitalization plummeting 23.7% and wiping out $946 billion in value, settling at $3 trillion.

Before the decline hit, the market had reached a historic milestone. The crypto market cap surged to an all-time high of $4.4 trillion, showcasing the volatility characterizing these markets. However, momentum reversed sharply on October 10 when a massive $19 billion liquidation event triggered the subsequent downturn, reminding traders of the risks inherent in leveraged positions.

TradingActivity Remains Robust

Despite the bearish price action, market participation stayed strong. Average daily trading volume climbed to a yearly peak of $161.8 billion, representing a quarter-over-quarter increase of 4.4%. This surge in volume during a declining market suggests institutional and retail traders remained actively engaged in repositioning their portfolios and capitalizing on price dislocations.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
BackrowObservervip
· 3h ago
946 billion USD just disappeared like that. No one can escape this slaughtering knife this time. --- The margin call in October was truly insane. 1.9 billion was directly triggered, how are leverage traders still not learning? --- Trading volume actually increased? That shows everyone is still gambling, hilarious. --- Falling from 44 trillion to 30 trillion, this is my blood and tears lesson, brother. --- Institutions and retail investors entered the market together to buy the dip, so we’re all just "price mismatch" bagholders. --- Who can withstand this kind of market in Q4? I’ve already given up. --- An average daily trading volume of 16.1 billion, looks lively but actually everyone is just stabbing each other. --- Still talking about "institutional engagement"? It’s just a pretext for cutting the leeks. --- I’ve seen this script before. It’s always the same—buying at high levels is always the most tragic.
View OriginalReply0
WalletsWatchervip
· 3h ago
946 billion USD evaporated, is anyone still bottom fishing? This round of leverage liquidations is really brutal.
View OriginalReply0
blocksnarkvip
· 3h ago
9.46 billion dollars just gone, damn it’s刺激 --- The margin call wave in October, leverage traders should have learned their lesson --- Trading volume is still exploding, which shows institutions are not afraid at all --- From 4.4 trillion to 3 trillion, tired of the roller coaster ride yet? --- Whether to bottom out in a bear market or chase the rally and sell in panic, it all depends on how many bullets you still have --- Such a large market cap and still dropping 23% in a day, crypto never lacks surprises --- What does it mean if the trading volume remains high? The bottom hasn't been reached yet --- I didn't see the news on October 10th, does anyone know what exactly happened? --- Damn, losing 946 billion in one quarter, this is basically a casino
View OriginalReply0
DefiPlaybookvip
· 4h ago
The wave of liquidations on October 10th was truly a textbook slaughter, $1.9 trillion disappeared in an instant [Dog Head] Another wave of extreme market conditions, dropping from 4.4T to 3T, this wave of retail investors was really wiped out Trading volume defied the trend and hit a new high? It indicates that big players are bottom fishing, retail investors are taking the bait. It's time to sleep, stop watching the market $946B evaporated, the APY of liquidity mining on some protocols is probably going to be adjusted. Can this yield still fight inflation? [Dog Head] Leverage traders' nightmare, isn't it more profitable to honestly do spot arbitrage? Why play with liquidation?
View OriginalReply0
consensus_whisperervip
· 4h ago
Hmm, it's that kind of bear market rebound again. The $19B liquidation is truly incredible, and the leverage traders have learned their lesson again.
View OriginalReply0
governance_lurkervip
· 4h ago
It's the old trick of leverage liquidation again—can a 1.9 billion liquidation really crash the market? This market is really fragile.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt