Cryptomind Group

The final numbers for 2025 are in 📊

Thailand's digital asset market closed the year with a strategic pause. While volume cooled, the structural data reveals a much higher floor than previous cycles.

Here is the breakdown of the year-end landscape 🧵👇

1/ Market Valuation & Global Context

Following global trends, the local market saw a measured pullback.

📉 Total Market Value: ฿79.56 Billion (-7.29% MoM)

This aligns with the broader global cap (-3.37%), reflecting typical year-end selling pressure on majors like $BTC and $ETH.

2/ Seasonal Quiet Activity

Trading activity slowed as participants moved to the sidelines for the holidays.

- Daily Volume: ฿1.71 Billion (-29.64% MoM)
- Active Accounts: 151,000 (-27.37% MoM)
- Total Accounts: 3.09 Million (Steady growth)

The baseline user base continues to expand, even as monthly activity takes a breather.

3/ Year-End Comparison

Looking at the average daily volume data over the last three years, we can see a significant shift in the market's floor:

- 2023: A recovery year from the cycle bottom, with daily volumes averaging around THB 1.09 Billion
- 2024: A high-growth year fueled by Spot ETF approvals and Bitcoin Halving, pushing daily averages to THB 1.79 Billion
- 2025: Despite the December dip to 1.71 Billion, the year-end baseline remains 56% higher than the 2023 average

4/ Sector Rotation: Gold vs. Crypto

Traditional safe-havens led in year-over-year performance, reflecting a cautious macro sentiment:
- Gold: +64.58% YoY (The 2025 winner)
- MSCI Emerging Market: +30.58%
- Bitcoin / Ethereum: -6.47% / -11.02%

The high volume in USDT (55%) suggests that local participants are opting for liquidity within the digital ecosystem, possibly keeping capital ready for future entry the moment the macro tide turns.

5/ Retail Strength

As institutions closed their books for the year, Thai retail stepped up.
- Thai Retail: 41% share (⬆️ from 40%)
- Institutions: 40% share (⬇️ from 46%)

Retail's increasing share during the dip signals strong domestic conviction, holding the line while smart money de-risked for Q4 reporting.

6/ Key Takeaway

The December dip validates our CEO’s "Pond Theory" a direct result of global liquidity contraction.

Our View: This is an essential floor-building phase. As the market resets, we shift focus from simple participation to strategic risk management, preparing for the liquidity cycle of 2026.

Reference: https://www.sec.or.th/TH/PublishingImages/Pages/DAMonthlyReport/DA-Monthly-Report-Dec68.png

Wishing you a Christmas full of Green Candles and happiness at an All-Time High!

Merry Christmas from Cryptomind Team! 🚀🎄

Cryptomind Group has joined the Circle Alliance Program 🤝

We’re excited to be part of the Alliance Program, a global community of teams working to bring the world on-chain, powered by USDC and open financial infrastructure.

As members of the Alliance, we look forward to collaborating with innovative protocols and institutions to support the growth of the on-chain economy and advance real-world adoption.

Learn more about the Circle Alliance Program:
👉 https://www.circle.com/en/alliance-program

ธ สถิตในดวงใจตราบนิจนิรันดร์ น้อมนำคำสอนของพ่อ เป็นแสงนำทางในการดำเนินชีวิตและการทำงาน เพื่อสร้างสรรค์คุณค่าที่ยั่งยืนสืบไป

เนื่องในวันคล้ายวันพระบรมราชสมภพ รัชกาลที่ ๙ และวันพ่อแห่งชาติ ๕ ธันวาคม พระบาทสมเด็จพระบรมชนกาธิเบศร มหาภูมิพลอดุลยเดชมหาราช บรมนาถบพิตร

ด้วยเกล้าด้วยกระหม่อม ขอเดชะ ข้าพระพุทธเจ้า คณะผู้บริหารและพนักงาน กลุ่มบริษัท คริปโตมายด์

พบกันใหม่ 🙌🏻