Crypto trading volume in November hits a 5-month low, with significant outflows from Bitcoin ETF

According to ChainCatcher, citing The Block, cryptocurrency market trading volume has shrunk significantly, with monthly trading volume on centralized exchanges dropping to $1.59 trillion, down 26.7% from October and reaching the lowest level since June. Decentralized exchange trading volume also fell to $397.78 billion.

A certain exchange still maintains its market-leading position, but its trading volume dropped from $810.44 billion in October to $599.34 billion. Meanwhile, the price of bitcoin fell from around $110,000 at the beginning of the month to $86,500 at the end of the month. The US spot bitcoin ETF saw a net outflow of $3.48 billion, marking the largest single-month outflow since February this year.