PANews reported on June 27 that CryptoQuant analyst Axel Adler Jr stated that as of June 27, the average monthly trading volume of Altcoins was $1.6 billion, lower than the annual average of $2.5 billion. This moderate volume suggests that assets may be in a consolidation phase, accumulating potential for the next Altcoin season.
From the chart, the green circles mark periods when monthly volume dropped below $1.6 billion, including the first half of 2023, the second half of 2023, and August to September 2024. During these stages, lower trading volumes typically precede significant price increases in Altcoins.
