Spot trading volume on Binance reached 60 billion on November 12, as the cryptocurrency market neared its previous ATH.

Trading volume has now halved and the total market capitalization is entering a price discovery phase.

This may indicate the caution of investors who decided to take a break.

The decrease in activity helps to reduce volatility and the risk of sharp selling pressure, as was the case in March with a trading volume of more than 70 billion.