Indonesian Crypto Transactions Drop More Than 24%, What's the Cause?

Bittime - As the year draws to a close, digital asset market Indonesia's crypto market is moving slower than usual. The Financial Services Authority (OJK) recorded a 24.53% decrease in crypto transactions in November 2025, reaching Rp 37.20 trillion. This figure is down from Rp 49.29 trillion in October 2025.

This decline confirms that crypto transactions in Indonesia dropped significantly towards the end of the year, following the volatile global market dynamics.

Despite this, cumulatively throughout 2025, the value of crypto transactions remained substantial. Total crypto transactions year-to-date reached IDR 446.77 trillion.

This figure shows that public interest in crypto assets has not completely waned, although activity has slowed in recent months.

Crypto activity is down compared to last year

When compared to the same period the previous year, the downward trend is increasingly apparent. From January to November 2024, the total value of crypto transactions reached IDR 556.53 trillion.

This means that throughout 2025, there will be a decline of around IDR 109.76 trillion, equivalent to 19.72% annually.

This condition indicates that domestic crypto transactions are not only affected by seasonal factors but also external pressures that influence investor sentiment.

Many market players choose to hold back and observe the direction of price movements before returning to active trading.

Read also: Ethereum (ETH) Price Prediction 2026: Long-Term Outlook

Bitcoin Price and Global Factors Are Triggers

Reported from Liputan6, the weakening of crypto transactions coincided with a significant Bitcoin price decline. In November 2025, Bitcoin's price fell by over 17%, making it one of the worst months of the year.

This correction was triggered by several factors, starting from the outflow of funds Bitcoin ETF, weakening interest from institutional investors, and selling pressure from short-term investors.

The global situation has further exacerbated market conditions, particularly after the United States government expanded its tariff policy against China in October 2025.

This policy triggered a reassessment of risks in global financial markets, and volatility continued into November.

This was exacerbated by the record-breaking US government shutdown, tightening liquidity in financial markets. The impact was also felt in the crypto market, including in Indonesia.

Read also: VOOI Price Prediction and the Impact of Binance Alpha Listing

Domestic Investors Choose to Wait

In addition to macroeconomic factors, institutional fund flows are also weakening. SoSo Value data shows that Bitcoin ETFs in the United States experienced US$3.48 billion in outflows throughout November 2025. This was the second-largest monthly outflow since the Bitcoin ETF launched in 2024.

This situation has impacted the psychology of domestic investors. Many investors are adopting a wait-and-see approach, especially ahead of the year-end holiday season and Christmas celebrations.

This attitude has led to a decline in crypto transaction volumes in Indonesia, although interest in digital assets remains generally strong.

Calvin views market corrections as a natural part of the crypto industry cycle. He believes that phases like these actually test market maturity and investors' ability to manage risk more wisely.

Read also: Why Will Bitcoin Price Drop in December 2025? These Are the Main Factors Depressing BTC

Future Prospects for Crypto Transactions

A decline in Indonesian crypto transactions drop of more than 24% is indeed a significant milestone for the industry. However, this condition does not necessarily reflect weakening market fundamentals.

Many observers believe that interest in crypto assets remains strong, but investors are adjusting their strategies amid global pressures.

With increasingly clear regulatory support and service innovation from industry players, crypto transactions in Indonesia still have room to grow again when market sentiment improves.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

FAQ

What is the main reason for the decline in Indonesian crypto transactions?

The decline was triggered by a Bitcoin price correction, ETF fund outflows, weakening institutional interest, and global economic pressures.

How much will crypto transactions decline by November 2025?

Transaction value fell 24.53% from IDR 49.29 trillion in October to IDR 37.20 trillion in November 2025.

Is public interest in crypto declining?

Interest is still there, but many investors are choosing to wait due to volatile market conditions and the approaching end of the year.

How are industry players trying to deal with this situation?

One way to do this is by increasing ease of transaction access, such as providing more practical deposit features to maintain market liquidity.