# On-Chain Trading Terminals Approach Fifth Historical Drawdown Near 90%

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/48981
Published: 2026-11-05T02:59:57.000Z
Updated: 2026-11-05T02:59:57.000Z
Section: Investing

> The decline had lasted 58 days as of Nov. 4, three days short of the previous 61-day record set in March 2025.

Analyst Adam said on-chain trading terminals are nearing a fifth historical drawdown of about 90%, with the current decline lasting 58 days as of Nov. 4, three days short of the previous record.

Similar downturns have lasted about 45 days on average from peak to bottom. The longest earlier episode ran 61 days and occurred in March 2025.

Adam said trading volume may begin to recover soon if the on-chain trading market has not entered a prolonged decline.