The recent increase in spot trading volume to #Binance (reaching 60 billion USD on November 12) coincides with the total market capitalization of cryptocurrencies approaching the previous ATH.

Such strong surges often signal a FOMO period in the investment community.

However, after this surge, trading volume has dropped significantly, indicating that the market may be taking a breather.

This decline in trading activity helps reduce market volatility and lowers the risk of strong selling pressure, as seen in March when spot trading volume exceeded 70 billion USD.

It seems like the market is taking a pause and investors are being more cautious; those who still have money are likely waiting for a more reasonable price.