# Blockchain Market Dynamics 📉

According to the CCData report, trading volume on centralized cryptocurrency exchanges fell by 21.8% in June, marking the third consecutive month of decline. Total spot and derivatives trading volume fell from $9 trillion at the end of March to $4.2 trillion, a drop of 53%. The sharp drop in the price of Bitcoin and other crypto assets triggered liquidations, resulting in a 9.7% drop in open interest in derivatives. CME futures trading volume also fell by 11.5%, mainly affected by the decline in Bitcoin and Ethereum futures contracts.

What do you think of this trend? Welcome to discuss in the comments section!