Santiment: The volume of cryptocurrency transactions decreased by 64% in the past week, especially the transaction of speculative counterfeit products

Crypto market research firm Santiment posted on the X platform that the volume of transactions in the cryptocurrency space has dropped significantly in the last few days of 2024. Overall, the volume of transactions in the past week has decreased by 64% compared to the previous week (including Bitcoin's all-time high). The downward trend in trading, especially in speculative counterfeit products, is not surprising. The last week of December is usually one of the least active periods of the year as the holidays roll in and traders sort out their year-end financials. To sum up, if the whales continue to show a strong accumulation trend, the lack of retail participation could actually lead to at least one unexpected 2024 rally that retail investors pay little attention to.