Darkfost2025-10-21

Spot market resurgence after the October 10 event, Traders return to fundamentals

Since the massive liquidation event on October 10, the crypto market has experienced a real shockwave. This episode once again highlighted the fragility of excessively leveraged positions. Many traders, hit hard by the cascade of forced liquidations, now appear to be shifting toward a more cautious approach, favoring the spot market. Naturally, Binance remains the dominant platform in this environment. The exchange continues to capture an overwhelming share of spot trading flows on Bitcoin, further consolidating its position as the global leader. The total cumulative BTC spot trading volume on Binance has just reached $180T, with is colossal. When compared to early September, the shift is striking.At that time, daily BTC spot volumes on Binance ranged between $3 billion and $5 billion. Since October 10, however, volumes have surged, now stabilizing between $5 billion and $10 billion per day. This acceleration reflects a renewed interest in spot trading, signaling that investors are more cautious. This return to the spot market could lay the groundwork for a more sustainable bullish recovery. Historically, market cycles have shown that phases of spot accumulation often precede structural recoveries. When spot liquidity returns, it forms a healthier base upon which derivative speculation can later fuel new price movements.