Based on the chart, maximum trading volumes have been declining since May 2021. At that time, about $300 billion a day was considered a record volume. In May 2022, the figure was $230 billion. In April 2023, trading volume on the CEX was as high as $100 billion, but in recent weeks the average trading volume has dropped to $5 billion.
As Reflexivity Research co-founder Will Clemente noted, this shows apathy in the marketplace. At the same time, traders who continue to trade can make a significant profit.
.
“The market, in general, is in a period of apathy and capitulation – large masses of traders lack speculative interest, but that opens up opportunities for those who continue to stay in the market,” Clemente said.
In the decentralized market the situation is somewhat better, with average trading volumes stable since the middle of last year. At the same time, the total amount of blocked funds in DEX projects also remains stable. That is, analysts do not observe the migration of traders from centralized to decentralized platforms.
At the beginning of May it was reported that trading volumes on the spot market decreased noticeably. Analysts linked this to the return of commissions for trading on the largest exchange Binance.
.