The latest data shows that in this round of the crypto bull market, the trading volume of centralized exchanges (#CEX. ) has not fully kept up with the rhythm of Bitcoin's price 📉. According to The Block data, the peak trading volume in this bull market occurred in December 2024, reaching 2.9 trillion USD, with Bitcoin's highest price at 108,353 USD, setting a new historical high.

However, compared to the last bull market, in April 2021, CEX trading volume reached 4.16 trillion USD, when Bitcoin was only 64,854 USD 🔥. In November, there was also a second peak of 2.54 trillion, with Bitcoin surging to 69,000 USD.

As of this month, the total global CEX trading volume is 2.05 trillion USD, indicating that although Bitcoin's price has set a new high, trading enthusiasm has not returned to the frenzied levels of 2021. The trading volume has not kept up with the price; is the market a bit of a 'false fire'? 👀