November brought a noticeable chill to crypto markets. Trading activity across exchanges dropped hard—we're talking $1.59 trillion in spot volume, down a solid 26.7% from October's $2.17 trillion. That's the weakest we've seen since June.

The numbers tell an interesting story. Centralized platforms accounted for the bulk of that $1.59 trillion figure. Meanwhile, decentralized venues saw their share shrink even further, though the exact figures paint only part of the picture.

What's driving this cooldown? Could be profit-taking after earlier rallies. Maybe uncertainty around macro conditions. Or simply traders sitting on their hands, waiting for clearer signals. Either way, the market's taking a breather—and volume metrics don't lie.

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MoonMathMagic

· 4h ago

A 26.7% fall does hurt a bit, but isn't that just the daily routine of crypto? It's time to take a break.

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CrashHotline

· 4h ago

26.7% directly fall down, this is what the market is telling us to calm down. --- Wait, the DEX share is still shrinking? Is this true, the centralized is still monopolizing. --- Taking profits? I see it as everyone is just scared, waiting for signals, but waiting until when. --- 15.9 trillion is still the lowest? Oh no, this time really no one is playing. --- Volume lies? No, it’s the Wallet screaming. --- Waiting and watching... sounds like waiting for a lifeline, laugh out loud.

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LadderToolGuy

· 4h ago

A drop of 26.7%... this is the real "cold feeling", it seems everyone is waiting for the wind to come. --- Volume has slumped by 50%, CEX is still hogging everything, and DEX has become even more marginalized. What signal is this? --- Actually, it just means people haven't decided what to buy yet, they are all waiting and watching for a clear direction. --- Is this the lowest since June? Then it means this rebound is just that. --- Taking profits + macro uncertainty + waiting for signals... to put it bluntly, it just means there’s no money to play with.

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MetaverseHomeless

· 4h ago

A drop of 26.7%, that's what the market is saying "I'm tired" haha --- Again and again it's profit-taking, doesn't anyone really have a good outlook for the future? --- The share of DEX continues to shrink... not surprising, CEX is just living off the Large Investors' fate --- Is it meaningful to ask about volume now? Anyway, everyone is waiting for BTC's movement --- The lowest since June? I knew it would be like this, winter has come --- Retail investors are watching, Whales are bottom fishing, the same old drama --- The reason of macro uncertainty is too universal, anything can be blamed on it --- Wow, from 2.17 to 1.59, this is the real market "feeling cold" --- CEX is raking in profits, while DEX is still struggling, the divide is becoming more apparent --- Waiting for clearer signals? Buddy, signals will never be clear

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