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Data: CEX Spot Trading Volume Hits Near 9-Month Low in June
Summary: According to The Block data, CEX spot trading volume in June dropped to $1.07 trillion, lower than May's $1.47 trillion, hitting a nine-month low. Presto Research analyst Min Jung stated that despite Bitcoin's stability and proximity to its all-time high, the altcoin market is struggling, with most altcoins, including ETH, dropping nearly 40% from their ...
According to The Block data, CEX spot trading volume in June dropped to $1.07 trillion, lower than May's $1.47 trillion, hitting a nine-month low. Presto Research analyst Min Jung stated that despite Bitcoin's stability and proximity to its all-time high, the altcoin market is struggling, with most altcoins, including ETH, dropping nearly 40% from their peak. This indicates that the market is mainly driven by institutional investors buying Bitcoin, while retail participation in altcoins, which is usually favored by retail investors, remains relatively low.
