The average daily trading volume of CEX spot in the past four months has reached the lowest point since October 2020
2023/08/21 17:10
As the market stagnates, the volatility of cryptocurrencies continued to decline in August, and the difference in volatility between BTC and ETH was almost non-existent. The liquidity of international exchanges has soared from $70 million to $120 million and has been steadily increasing this summer, approaching the level before FTX. At the same time, the liquidity of American altcoins has been struggling to recover. Despite the improvement in liquidity of international exchanges, spot trading volume has declined across the board. The average daily trading volume in the past four months is the lowest level since October 2020, when BTC was $10,000 and ETH was $350.
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