TL;DR
- Reflecting investor caution, daily spot trading volume fell from $100 billion to $65 billion.
- Binance’s combined USDT and USDC reserves hit an all-time high of $51.1 billion.
- BTC and ETH inflows to exchanges reached $40 billion, indicating intense selling pressure.
In recent weeks, trading activity in the cryptocurrency market has experienced a noticeable slowdown, consistent with a deepening market-wide correction. Recent data from CryptoQuant confirms a significant drop in participants and increased cautiousness among investors.
Daily spot trading volume approached $100 billion in early Novemberplummeted to about $65 billion. Similarly, the perpetual futures market is on a downward trajectory, with volume falling from a peak of $360 billion to around $170 billion, a clear sign that traders are reducing leverage and risk appetite.
Despite this overall market contraction, Binance solidifies its position as an important hub for capital flows. The platform maintains a commanding lead, with spot trading volume of $25 billion and perpetual futures trading of $62 billion in the past 24 hours. To put it in perspective, OKX, its closest competitor in futures trading, processed less than two-thirds of the total, and the trend of capital consolidation among major exchanges increased during the turmoil.
Defensive accumulation of digital dollars
While trading volumes are decreasing, the accumulation of stablecoins on the platform is increasing. This shift to dollar fixed assets clearly demonstrates defensive positioning.
Specifically, Binance’s stablecoin reserves (combined USDT and USDC) reached an all-time high of $51.1 billion.. This movement of capital suggests that investors are protecting profits, hedging against further volatility, or, crucially, preparing for opportunistic re-entry into the market at lower price levels.
In parallel, a sharp increase in Bitcoin (BTC) and Ethereum (ETH) inflows to exchanges was observed, reaching a total of $40 billion. It arrived last week. This large flow has been primarily captured by Binance ($15 billion) and Coinbase ($11 billion) and is being interpreted as increased selling pressure during the correction.
Altcoin deposits continue to rise despite market downturnindicating active reallocation of portfolios by traders.
Data shows that while trading activity has slowed, investors are being active.choose the safety of record stablecoin reserves on Binance while waiting for the next decisive move in the market.
