BlockBeats News, April 10th, according to CoinDesk, the total trading volume of Bitcoin spot trading on CEX platforms dropped from a high of $440 billion on February 3rd to $100 billion by the end of the first quarter, a nearly 77% decrease. At the same time, the total trading volume of token spot trading on cryptocurrency exchanges dropped from a high of $1.22 trillion on February 3rd to $230 billion by the end of the first quarter, a decrease of over 80%.
Such a significant decrease in trading volume indicates that traders and investors may have lost confidence due to uncertainty or fear. Price declines suggest that the value of Bitcoin and other cryptocurrencies is decreasing, which could lead to panic, creating a vicious cycle of reduced trading volume and further price declines.