Upbit's Weekly Crypto Trading Volume Slides 15.5%

Upbit Turnover Thins to 8.35 Trillion Won

Upbit's weekly trading volume fell 15.5% over Oct 12-18, thinned to 8.35 trillion won as XRP, Ethereum and Bitcoin all closed lower, according to the exchange's own Upbit Data Lab weekly report. The Upbit composite index dropped 3.43% week-over-week to 11,062.55, and among large-cap assets XRP took the steepest weekly loss at 7.86%, with Ethereum (ETH), whose deposits back much of the liquid staking sector, down 5.42% and Bitcoin (BTC) down 2.50%. Even the stablecoins gave ground against the won, USDT off 0.52% and USDC off 0.44%. The Fear and Greed Index printed 49, still neutral territory but three points softer than the prior week. Turnover concentrated in a short list: XRP led with 790 billion won, Bitcoin followed at 620 billion and Tether took 490 billion. Daily flow tells the same story. Upbit Data Lab put the trailing 24-hour figure at 713.1 billion won as of 09:29 Monday, Seoul time, essentially flat day-over-day, and the past year runs one direction: turnover that topped 1 trillion won early in 2026 has settled around 700 billion won. The 24-hour share list shows rotation more than conviction, with XRP at 9.50%, The Sandbox at 7.33%, Bitcoin at 6.22%, Gitcoin at 5.18% and Caldera at 4.75%. Monday's tape offered a flicker of repair only. At 09:28 in Seoul, Bitcoin traded at 110,717,000 won, up 0.17% on the day and barely holding the 110 million won line; Ethereum eased 0.03% to 3.247 million won and XRP sat unchanged at 1,759 won. The composite index firmed 0.11% to 11,074.56 while the altcoin index slipped 0.04%, a split tape. A handful of names bucked the week, ELSA up 36.14%, Celestia 19.75% and Injective 18.08%, but sector breadth stayed poor: aggregators lost 18.4%, NFT and gaming 17.9%, stablecoin-adjacent assets 17.69%, wallets and messaging 17.22% and ZK infrastructure 16.19%, with only advertising, up 7.50%, in the green.

Bitcoin Waits Below $83,000

Bitcoin's own chart frames the same hesitation. The latest daily candle printed a high of $82,170 and a low of $81,131, pinning the asset to the $80,000-$81,000 support zone after buyers failed to sustain the advance toward $87,000. Early Monday trade left it near $81,184; it has since pushed back above $82,000, with COINOTAG's live feed showing $82,339, up 1.0% over 24 hours, still below the $82,500-$83,000 resistance band that opens the path toward $85,000 and the $86,500-$87,000 highs. A decisive daily close under $80,000 would open $78,000 and then $76,000-$77,000, where the longer-term moving averages sit. The August recovery from roughly $63,000 to the $87,000 area is not broken, since BTC still holds above its rising intermediate and long-term averages, but the string of lower highs lets sellers lean on every bounce. The altcoin tape carries more damage. Solana (SOL) traded near $102.31 in early Monday trade, pressing the psychological $100 support after failing to hold above $120; the October high sits near $125. A daily close below $100 would expose $97-$98 and then $92-$95, while stabilization needs a reclaim of $105-$107, with the RSI already below 50 and drifting toward 40. Volume has moderated from the August breakout surge, so any bounce lacks the participation that powered the leg up. Hyperliquid (HYPE) sat around $77.72 after reversing from its late-September high near $98, leaving the $76-$77 band to decide between a relief rally toward $80-$82 and a slide toward $72 and $70. NEAR Protocol (NEAR) was correcting from the $5.80-$6.00 resistance zone early Monday, its latest daily candle spanning $5.06 to $4.74; buyers must defend $4.60-$4.70 or face $4.40 and then $4.10-$4.20, with its RSI easing from overbought toward the neutral 50 line.

Read together, the two threads point one way. Order-book venues run no automated market maker pools to cushion flow, so Upbit's turnover line measures market maker and retail participation directly, and that participation shrank 15.5% in a single week. Price can stabilize without volume; it rarely extends. Last week's standout gainers rallied while nearly every sector fell double digits, which is rotation, not recovery. The tell this week is whether turnover climbs back toward 1 trillion won as Bitcoin works the range between the $80,000 floor and the $82,500-$83,000 band. Holding that floor, and seeing real volume return, keeps this a pause inside the uptrend rather than the opening stretch of a bear market.