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Three main conclusions:
1. Crypto trading volume is down 20% compared to the same period last year.
2. It's almost entirely futures trading; spot trading volume has halved. Nobody's holding coins anymore; it's all gambling.
3. Everyone's putting their assets on #Binance, and then using a small amount of money to trade futures on other exchanges (possibly due to fee discounts).
Therefore, #Binance's user assets are three times the total of all other exchanges combined. 😅
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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