Data: CEX Spot Trading Volume Drops to 5-Year Low as Market Shifts to HODL Mode
According to a report by Jinse Finance, Crypto Quant analyst Axel shared data on social media indicating that the average daily spot trading volume on centralized exchanges (CEX) has now dropped to the levels of October 2020. Tokens are neither being sold on the spot market nor transferred on-chain—the market has shifted to HODL mode.
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