On April 10, according to CoinDesk, the total spot trading volume of CEX platforms dropped from $44 billion on February 3 to $10 billion by the end of the first quarter, a decrease of nearly 77%. Meanwhile, the total spot trading volume of tokens on cryptocurrency trading platforms fell from $122 billion on February 3 to $23 billion by the end of the first quarter, a decline of over 80%.
Such a significant drop in trading volume indicates that traders and investors may have lost confidence due to uncertainty or fear. The price decline means the value of Bitcoin and other cryptocurrencies is decreasing, which could create panic and form a vicious cycle of reduced trading volume and further price drops.





