SPOT CEX VOLUME HITS 2-YEAR LOW AT $986BSpot exchange volume dropped to $986 billion in March, marking the weakest month in 24 months. This represents a significant slowdown despite ongoing market activity and several catalysts throughout the quarter.

The volume drought tells you something important about retail participation right now. We're in a phase where fewer traders are actively moving capital between spot exchanges, which usually signals consolidation before bigger moves.

March weakness doesn't mean the market's dead—it means capital is being selective. Watch who's actually accumulating during these lower volume periods because that's where the real conviction sits.

The next catalyst will either reignite spot trading or confirm we're entering a longer holding pattern. Either way, this is a reset opportunity.

Is everyone sleeping on the fact that lower volume often precedes the biggest rallies?