Analyst: Bitcoin spot trading volume in August nearly halved compared to January, market enters "HODL mode"
BlockBeats News, on September 15, CryptoQuant analyst Axel Adler Jr stated that in January 2025, the spot trading volume of bitcoin reached $63.6 billions, but by August it had almost halved to $32.2 billions. The activity on centralized exchanges (CEX) is declining, and the market has clearly entered a "HODL mode".
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Current mainstream CEX and DEX funding rates indicate that the market remains broadly bearish.
Some Meme coins continue to rise during the market pullback, with JELLYJELLY surging 37% against the trend.
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