2026-01-12 10:24:57

This month, the overall trading volume in the crypto market has shrunk by another 20-30%. Data shows that the top spot for spot trading volume still belongs to the same familiar players—certain leading exchanges, mainstream platforms, and another exchange occupy the top three, while other exchanges like and @E5@ are still engaged in trading but haven't moved up in the rankings.

Honestly, from the market sentiment perspective, the trading volume on CEXs has already returned to the level it was in April 2025. It feels like the market is on holiday, with everyone watching from the sidelines, and liquidity has not truly returned to the crypto space.

If this continues, trading volume will only keep declining. Unless new inflows of capital enter the market or a major event sparks market enthusiasm, this sluggish state is likely to persist for a while.

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OnchainArchaeologist

· 7h ago

Wait, trading volume shrank by 20-30%? This is the real market. The big players are monopolizing, and smaller platforms are even more competitive... When will this pattern be broken? If liquidity doesn't return, how are we supposed to play?

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DeadTrades_Walking

· 10h ago

It's shrinking again. This wave is really hopeless. Let's wait until the main funds are willing to move. Who is still holding on here? I'm really impressed. What about liquidity? Has it all evaporated? The three old tricks: exchange monopoly, others are completely fallen. Rather than waiting for a breakout, sleeping is more practical. It's going to be very difficult for the market to rise.

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GateUser-e19e9c10

· 01-13 01:44

It's time to make big money quietly while retail investors are all sleeping. --- Waiting for a breakout? I think we might have to wait until the Year of the Monkey or the Month of the Horse. --- If trading volume shrinks, so be it. Anyway, big players don't care. --- Here we go again talking about incremental funds. Feels like the same old words every time. --- Honestly, now is the smart time to go in and buy the dip. --- When will the top exchanges' monopoly be broken? I wonder. --- I just want to know when the market will truly rebound. No matter how nice the words sound, they’re useless. --- If it's sluggish, so be it. The lower it dips, the stronger the rebound. --- There's really not much fun right now. I've started playing small on-chain tokens. --- This time is different? Every time they say it's different, but it ends up the same.

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RugpullSurvivor

· 01-12 10:55

Is it shrinking again? I already predicted it, it's boring. Wait, do we really have to wait until August to recover? The leading exchanges are ecstatic, retail investors are about to be harvested again. Honestly, with liquidity like this, it's better to just trade spot. Big funds are pretending to be dead, while us little guys are just waiting here. The market is on holiday, and our wallets are crying. Without new funds entering the market, we have to keep lying flat. My bags, oh. If I had known, I wouldn't have moved. Anyway, sideways trading is the most annoying.

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JustAnotherWallet

· 01-12 10:50

Liquidity is dead, now just waiting for a black swan to save the day --- Waiting for the next big trend? It's time to wake up --- Major exchanges monopolize the market, small platforms really have no way out --- A shrinking trading volume is not scary, what's scary is that no one cares --- Instead of waiting for a breakout, better to hodl coins and sleep --- This downturn will only be considered over after a complete bear market --- Spot trading is like this, how about futures --- As long as big funds don't enter the market, retail traders' efforts are in vain --- It's holiday mode again, when will it end, brothers --- Liquidity won't return, the ranking of exchanges doesn't matter much anymore --- Don't wait, the news can't support this market --- Old faces monopolize the market, how can new exchanges compete

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WagmiWarrior

· 01-12 10:48

Still on vacation, it seems we have to wait for the big players to move --- The top few companies have monopolized the market, small platforms have no chance at all --- With such low liquidity, small retail investors really can't play anymore --- Instead of waiting for a breakout, better to wait until the next bull market haha --- Will the sluggish state continue? I bet it will be the same next year --- A shrinking trading volume doesn't matter, the key is whether there are projects worth investing in --- Market is on holiday, a good time for calm reflection --- The big players are all watching, retail investors are just following suit --- Unless there's a black swan, this deadlock will probably last a while longer --- Now entering purely based on faith, without new funds, there's really no hope

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ImaginaryWhale

· 01-12 10:37

Liquidity is gone, and this market will die. The exchange ranking system is really pointless; it's just a monopoly at the top. When will big funds enter the market? Next year? It's back to April again, feels like a cycle. Rather than waiting and watching, it's better to find some small coins and take a gamble. With this sluggishness, small retail investors are the unluckiest. When will a major event happen? It's driving me crazy.

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PerennialLeek

· 01-12 10:27

Falling back to April levels again, this pace is really a bit desperate. Trading volume shrank, liquidity also drained, the top few are still fighting, others have no chance at all. Just wait for the explosion point, anyway, there's nothing else to do. Right now, it's just about enduring, seeing who can hold out until the next wave. This is truly the era of the mowing machine.

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