PANews reported on April 10 that according to CryptoQuant, Bitcoin spot trading volume dropped 77% from a high of $44 billion on February 3 to $10 billion at the end of the first quarter. At the same time, altcoin spot trading volume dropped from $122 billion to $23 billion, a drop of more than 80%. The significant drop in trading volume indicates that investors are reducing their participation due to market uncertainty or fear.

Despite the decline in overall trading volume, Binance's market share continued to grow, with its daily average Bitcoin spot trading volume share rising from 33% on February 3 to 49% at the end of the first quarter, and its total crypto market trading share approaching 50%. In addition, Binance's altcoin daily spot trading volume share also increased from 38% to 44%. Major altcoins such as BNB, TON and EOS still maintain a high level of trading activity on Binance.

Earlier news, data: Binance BTC reserves have surged by more than 22,000 in the past 12 days .