Summary
- Spot trading volume of virtual assets on centralized exchanges (CEX) has sharply decreased.
- May's trading volume was about $965.6 million, described as the lowest since October 2020.
- Market participants are in HODL mode, with tokens not being sold.
According to CryptoQuant analyst Adler Trumpf Junior, the spot trading volume of virtual assets (cryptocurrencies) on centralized exchanges (CEX) has sharply declined.
On the 9th (KST), Adler Trumpf Junior reported that the spot trading volume on centralized exchanges in May was approximately $965.6 million. This marks the lowest level since October 2020.
Adler Trumpf Junior commented, "Tokens are neither being sold nor transferred on-chain," adding that "the market has switched to HODL (holding digital assets) mode."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
![Rotation from tech to blue chips…Micron plunges 9.55% [Wall Street Briefing]](https://media.bloomingbit.io/PROD/news/d55ceac4-c0d2-4e63-aac9-f80fd45dfbbd.webp?w=250)
![[Market] Bitcoin drops intraday to the $72,000 level… debate over 'safe-haven credibility' reignited](https://media.bloomingbit.io/PROD/news/e3aeb7f7-851b-4479-bfd0-77d83a3b7583.webp?w=250)
