Data on trading volumes across centralized exchanges and ETFs indicates a significant decline in activity as we reach mid-December Trading volume on centralized exchanges totaled approximately $191 billion, with Binance accounting for over $50 billion, confirming its continued dominance as the leading exchange for Bitcoin trading volume among centralized platforms.
In contrast, ETF trading volume registered only around $39 billion, a noticeably lower level than the activity observed during the first half of November This decline reflects a relative lull in investment demand particularly from institutional investors who rely on ETFs coinciding with a weakening in short-term market momentum.
When comparing these figures with the first half of November, the difference becomes even more pronounced. Centralized exchange trading volume during that period reached approximately $263 billion, while ETF trading volume exceeded $50 billion. This gap suggests that November witnessed exceptional activity and stronger liquidity inflows, driven by increased risk appetite and broader market participation.
Analytically, the discrepancy between November and December reflects the market’s transition from a period of strong momentum to one of consolidation and waiting, with reduced appetite for opening new positions whether on centralized exchanges or through ETFs However, Binance remains one of the clearest indicators of a potential return in liquidity, as surges in trading activity often appear first and most visibly on this platform.
this decline in December trading volume does not necessarily signal structural weakness in the market Instead, it likely reflects a temporary slowdown following a period of elevated activity, while centralized exchanges particularly Binance continue to play a key role in shaping Bitcoin market momentum.
Written by Arab Chain
