Trading Activity Sees Sharp Contraction: Exchange Volumes Retreat to June Levels

The crypto market entered a period of markedly lower activity in November, with combined exchange volumes retreating to levels last seen in June.

Spot trading on centralized platforms fell to $1.59 trillion, a $580 billion drop from October.

The decline was sector-wide, affecting top-tier exchanges and decentralized platforms alike, with DEX volume sinking to $397.78 billion.

Analysts cite vanished volatility and post-rally profit-taking as key drivers for the slowdown, which aligns with recent reported outflows from major spot Bitcoin ETFs.