FalconX report shows continued deleveraging in the crypto market in Q2, with declines in spot and futures trading volumes

The FalconX report shows that in the second quarter of 2026, the crypto market spot trading volume dropped to $1.6 trillion and futures trading volume dropped to $9 trillion. By the end of the quarter, futures open interest decreased to $5.32 billion, falling from the peak of $12.22 billion in October 2025. The spot ETF of Bitcoin saw a net outflow of $4.9 billion in the second quarter, and the total supply of stablecoins decreased by $7.4 billion to $313.8 billion.