While analysts have mainly focused on Bitcoin or individual altcoins, the structure of the total crypto market capitalization is approaching a critical threshold in January.
Signs of weakening liquidity are sending warnings about how fragile this structure has become.
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Crypto Trading Volume Plunges as Investors Cash Out
According to data from Newhedge, total trading volume on centralized exchanges reached $1.118 trillion in January. Binance accounted for more than $490 billion of…