Data: CEX spot trading volume has dropped to a 5-year low, and the market has shifted to Coin Hoarding mode.

BlockBeats news, on June 9, CryptoQuant analyst Axel posted data on social media indicating that the daily average spot trading volume on centralized exchanges (CEX) has dropped to the level of October 2020. Tokens are neither being sold on the spot nor transferred on-chain—the market has shifted to a "HODL" mode.

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