TLDR
Bitcoin (BTC) and Ethereum (ETH) carried most of the markets trading activity this week, with Solana (SOL) a distant third.
- Bitcoin (BTC): 7d spot volume about 147.92 B, 24h volume 22.91 B (based on CoinsKid market data).
- Ethereum (ETH): 7d spot volume about 122.18 B, 24h volume 12.46 B (based on CoinsKid market data).
- Solana (SOL): 7d spot volume about 13.51 B, 24h volume 2.01 B (based on CoinsKid market data).
Deep Dive
1. Bitcoin Leads
Bitcoin (BTC) remained the primary liquidity hub, reflecting where the bulk of institutional and retail flow concentrates. Weekly crypto ETP flows were negative and were driven mostly by Bitcoin and Ether funds, reinforcing that BTC swing activity still sets the tone for market turnover per a recent market recap. Seasonality and thin holiday depth likely funneled trading back to BTCs deepest pairs, as coverage noted subdued conditions into year end and macro watchpoints this week in multiple updates, such as the weekly recap.
If you need the tightest spreads and the most resilient depth, BTC pairs remain the core venue for executing size.
2. Ethereum Close Behind
Ethereum (ETH) tracked BTC closely on volumes and attention. US spot ETF activity around ETH also showed net outflows alongside BTC, which helps explain the heavy trading lanes remaining concentrated in the two megacaps per the flows coverage. ETHs combination of institutional products plus broad exchange coverage sustained elevated turnover relative to others despite quieter holiday trading.
ETH pairs typically offer strong liquidity with slightly wider spreads than BTC. They are often the next stop for size after BTC.
3. Solana As Active Alt
Solana (SOL) stayed the most active large alt by turnover but far below BTC and ETH in absolute terms. Altcoin ETF volumes remain too small to offset BTC and ETHs domination, which keeps aggregate market flow top heavy per the ETP flows summary. Short term trading still clusters around SOLs major pairs during narrative bursts, but week in and week out the aggregate flow is dwarfed by BTC and ETH.
SOL offers active lanes for momentum traders, but plan around thinner depth than BTC or ETH, especially in quieter sessions.
Conclusion
This weeks liquidity was top heavy. Bitcoin and Ethereum commanded the lions share of volume, with Solana the most active alt but well behind. The concentration aligns with ETF flow dynamics and holiday-thinned liquidity, so the most reliable execution remained in BTC and ETH pairs.
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