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Spot crypto trading volumes on major exchanges have fallen from around $2 trillion in October to $1 trillion at the end of January, indicating “clear disengagement from investors” and weaker demand, according to analysts.
Bitcoin (BTC) is currently down 37.5% from its October peak amid a liquidity drought and a major bout of risk aversion, causing volumes to contract.
“Spot demand is drying up,” said CryptoQuant analyst Darkfost on Monday, adding that the correction “has been largely driven by…
