CryptoQuant: BTC trading volume has dropped 77% since its peak in February
According to a report by CryptoQuant, the spot trading volume of Bitcoin has dropped from its peak of 44 billion US dollars on February 3rd to 10 billion US dollars at the end of the first quarter, a decrease of 77%. At the same time, the spot trading volume of altcoins fell from 122 billion US dollars to 23 billion US dollars, a drop exceeding 80%. The significant decline in trading volumes indicates that investors are reducing participation due to market uncertainty or fear.
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