Crypto market volumes remain below average.
The latest Kaiko report states that the average daily spot volume on CEX over the past four months is the lowest since October 2020, when BTC was at $10,000 and ETH was at $350.
The same goes for digital asset funds, with “last week’s panic causing total assets under management to fall 10% to $32.3 billion as of the end of last week,” said James Butterfill, director of research at CoinShares.