Crypto $BTC Trading Activity Hits a Two-Year Low
July was the weakest month for spot trading on centralized exchanges in 2 years:
- total CEX spot volume fell to $807B, down 31% from $1.17T in June.
That's interesting because while we keep talking about the next $BTC rally, traders are actually much less active on spot markets right now. The market isn't bearish though, but broad participation hasn't returned yet.
Looks like everyone is waiting for someone else to make the first move
#BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#
July was the weakest month for spot trading on centralized exchanges in 2 years:
- total CEX spot volume fell to $807B, down 31% from $1.17T in June.
That's interesting because while we keep talking about the next $BTC rally, traders are actually much less active on spot markets right now. The market isn't bearish though, but broad participation hasn't returned yet.
Looks like everyone is waiting for someone else to make the first move
#BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#