Bitcoin Surges, Altcoins Remain Static: Why?

1. Bitcoin Surges, but Altcoins Remain Static

While Bitcoin (BTC) continues its strong price surge, many altcoins like Ethereum (ETH), Solana (SOL), and XRP have yet to show corresponding recovery. This raises questions among investors: Why aren't altcoins keeping up with Bitcoin's rally?

2. CEX Trading Volume Hits 9-Month Low

According to newly released data, spot trading volume on centralized exchanges (CEXs) dropped to $1.07 trillion in June 2025, marking the lowest level since September 2024.

3. Institutional Investors Dominate Cycle, Retail Investors Absent

Expert Min Jung from Presto_Research notes that the decline in CEX activity stems from the recent price cycle being led by institutional investors, unlike previous cycles driven by retail investors. He states that most retail investors have yet to return to the market, mainly due to the poor performance of altcoins like Ethereum (ETH).

4. DEXs Benefit from Improved User Experience

Conversely, trading volume on decentralized exchanges (DEXs) is increasing significantly, thanks to the emergence of platforms like Hyperliquid and other new DEXs offering superior user experiences. This indicates that a segment of investors has shifted away from CEXs, especially as the market is dominated by Bitcoin and lacks momentum from altcoins.