- Bitcoin drop below $80,000 in March 2025 triggered a 15.4% decline in trading volumes across the top 10 crypto exchanges, marking the third straight month of market contraction.
- Experts warn of further declines, with some forecasting Bitcoin could fall to $10,000 amid economic uncertainty and fading investor confidence.
Bitcoin price has slipped below the crucial $80,000 level, triggering a domino effect throughout the crypto market. In March 2025, the top 10 cryptocurrency exchanges saw their trading volumes decline by a staggering 15.4%, falling to $1.13 trillion. This marks the third straight month of shrinking activity, a stark contrast to the frenzy seen in late 2024 when monthly volumes soared past $2 trillion.
Although BTC shed just 2% of its value last month, the psychological blow of briefly dropping to $75,000 — its lowest since November — has unsettled traders and sparked fresh concerns about the market’s stability.
Major Exchanges Bleed Volume—Except Huobi
Leading exchanges weren’t spared in this pullback. Binance, despite retaining a dominant 51.8% market share, experienced a 10.4% decline in volume to $583.5 billion — a steep 48% fall year-over-year. Coinbase followed suit with an 18.7% month-over-month drop, landing at $102.1 billion in March.
OKX also reported a 10.8% decline to $96.8 billion, while ByBit recorded the sharpest plunge of all, down 52.4% from February. However, there was one notable outlier: Huobi surged with a 27.5% volume increase to $92.6 billion, climbing to fourth in the rankings and defying the market-wide downtrend.
Experts Warn of Deeper Trouble Ahead
The broader economic environment remains hostile. Dr. Kirill Kretov of CoinPanel attributed the decline to global geopolitical tension and “risk-off” sentiment, amplified by confusion from the new U.S. administration.
Meanwhile, Bloomberg’s Mike McGlone offered a dramatic prediction: Bitcoin could plummet all the way to $10,000, echoing the dot-com bust of the early 2000s. McGlone cites fading investor confidence, tightening financial conditions, and a deteriorating “digital gold” narrative as red flags.
Bitcoin Faces Reset Fears Amid Market Contraction
While Bitcoin remains well above pre-bull run levels, the downward trend and volume contraction suggest the crypto market may be heading for a significant recalibration. Whether McGlone’s bearish forecast materializes or not, investors are being urged to tread carefully and brace for potential turbulence in the months ahead.
