2026-01-02 10:24:50

As December arrives, the trading activity in the entire cryptocurrency market has noticeably declined. According to data from The Block, the trading volume on centralized exchanges last month dropped to $1.13 trillion, the lowest level in nearly 15 months. In comparison, November's trading volume was $1.66 trillion, a month-on-month decrease of 32%; looking further back to October's $2.23 trillion, the decline reached 49%.

In terms of market structure, a leading exchange still holds an absolute advantage, with a December trading volume of $367.35 billion, far ahead; followed by a well-known derivatives platform, an Asian exchange, this platform (Gate), and several other top institutions including a compliant platform.

The decline in trading activity is not an isolated phenomenon. Analysts point out that seasonal low sentiment at year-end, suppressed market volatility, and institutional investors adjusting their year-end positions have all contributed to increased cautiousness.

Data from decentralized exchanges (DEX) also confirms this cooling trend. Last month, the total DEX trading volume was $245 billion, a 20% decrease month-on-month, and compared to $451.2 billion in October, the decline reached 46%. Among them, a mainstream DEX platform still maintains a leading market position, with monthly trading volume around $60 billion.

Overall, December has entered a clear adjustment cycle, with trading volume pressures increasing month by month.

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ruggedSoBadLMAO

· 5h ago

December's this sluggishness, I'm almost falling asleep... Dropped so much, just waiting for next year.

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NFTRegretter

· 5h ago

Wow, the trading volume has dropped so much, no wonder it feels so dead these past two months.

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CounterIndicator

· 5h ago

The data in December really can't be held anymore. It was directly halved from 2.23 trillion in October to 1.13 trillion. How cold does it have to be... No wonder everyone is on the sidelines.

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RamenDeFiSurvivor

· 5h ago

December's chill is really intense, with trading volume plunging 49%. It’s hard to watch. Is the end of the year really the best time to harvest the profits...

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BlockImposter

· 6h ago

December is indeed quiet... trading volume has dropped so much, it seems everyone is hiding until the end of the year. This data is a bit heartbreaking; such a large decline is really hard to withstand. That's how it is at the end of the year, institutions are all clearing out and afraid to move. DEX also collapsed by 46%... even decentralized trading can't save this situation. Let's wait until next year; entering now is purely taking on the role of a bagholder. Head's platform is indeed stable, holding such a large share of traffic is quite unbeatable. Seasonal sentiment downturn is just an excuse; in reality, no one wants to take on the risk.

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HodlAndChill

· 6h ago

The end of the year is indeed cold, trading volume has been halved or more... I thought it was just me feeling cold --- DEX is also hopeless, a 49% drop is devastating, is it going to sleep until next year? --- Are institutions bottom-fishing or clearing out? It's the hardest to judge right now. --- Top exchanges are still yyds, small and medium exchanges are going to suffer this month. --- Wait until January next year, no one dares to move at the end of the year. --- This data looks a bit scary, but it's actually normal... every December is like this. --- The DEX drop is so severe, it shows that even retail investors are now watching. --- Feels like waiting for a certain signal, holding positions now is just gambling on next year.

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