As the month of June unfolds, investors who engage in crypto trading will grapple with three major hurdles. Indeed, these obstacles could send ripples across the crypto market.
These issues include a concerning dip in trading volume, alarming liquidity issues, and a substantial increase in selling pressure.
Trading Volume Plummets
The trading momentum and expectations were high in the crypto market’s first quarter this year. However, a disturbing decline in trading volume across all major centralized exchanges has been observed since.
May’s aggregated daily trading volumes have shrunken from an impressive $23 billion to a paltry $9 billion. This downtrend signals a diminishing speculative interest and a growing apathy toward the crypto market.
“Daily crypto trading volume is now the lowest that it has been since 2020. Market in aggregate is in a period of apathy and capitulation through time – lack of speculative…
