Analysis: CEX spot trading volume has dropped to a nearly 5-year low, and the market is shifting to HODL mode.

Gate News bot news, CryptoQuant analyst Axel stated on social media that the daily average spot trading volume of CEX has dropped to the level of October 2020. Tokens are neither sold on the spot nor transferred on-chain—the market has shifted to "Coin Hoarding" (HODL) mode.

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Potatoesvip
· 06-09 07:16
Three days ago, there was a great rising trend, with incredibly enthusiastic retail investors. However, capital used an excuse to argue and dumped, leaving them disheartened. The suckers have been played, and no one is playing with capital anymore. The crypto world has turned into the stock market!
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