Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
TechFlow, June 9 — According to Axel Adler Jr., analyst at CryptoQuant, the average spot trading volume of BTC on centralized exchanges (CEXs) has dropped to October 2020 levels. Cryptocurrencies are not being heavily sold off in the spot market, and on-chain activity has correspondingly decreased, indicating that the market has shifted into a HODL mode.
According to CryptoQuant analyst Axel Adler Jr, the average spot trading volume of BTC on centralized exchanges (CEXs) has dropped to October 2020 levels. Cryptocurrencies are not being heavily sold off in the spot market, and on-chain activity has correspondingly decreased, indicating that the market has shifted into a HODL mode.
Navigating Web3 tides with focused insights
