2026-01-09 08:45:16

December saw a clear cooling in the trading market. According to data, CEX spot trading volume decreased by 35% month-on-month, and perpetual contract trading volume dropped by 26%, a significant decline.

On-chain data is not much better. The trading volume of perpetual contracts on mainstream Perp DEXs declined by 30% compared to November, and website traffic also decreased, down 20% month-on-month. From the data, in December, whether centralized or decentralized trading platforms, trading activity was weakening.

PERP-1,97%

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retroactive_airdrop

· 01-10 04:23

The market is weakening, this feels like a bear market, a 35% drop is quite sharp. Everyone is waiting for the New Year market, December really has no heat. CEX dropped 35%, DEX also fell 30%, it seems everyone is out of energy. Winter is here, crypto enthusiasts are hibernating. These numbers are a bit grim, does it feel like the market is brewing a big move? Where did all the money go, so many people are leaving? Another cooling period, will it be spring after enduring this? All platforms are losing money, this can't go on like this.

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Rugman_Walking

· 01-09 09:35

Damn, a 35% drop? December is really dead and silent --- It's that season again for chopping up retail investors, no wonder trading volume is plummeting --- CEX and DEX together dragging down the market, this wave is indeed freezing cold --- Everyone is just waiting for a rebound in January, HODL everyone --- Looking at these data, it feels like the bottom hasn't been reached yet --- Perpetual contracts are down 26%, spot is down 35%, retail investors are probably scared off --- Not trading in December has become a consensus, everyone is crouching at the bottom price --- This drop... are you sure it's not a warning sign of a bear market? --- Contract trading volume down 30%, indicating no one dares to hold heavy positions --- Page views are also decreasing, there's really no heat anymore

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MEV_Whisperer

· 01-09 09:15

The market in December is really a bit sluggish, CEX down 35%, DEX not doing much better, feels like everyone is hibernating. By the way, is this decline a normal correction or is there some signal I haven't noticed? Cooling down is normal, but it's a bit annoying to hear those bearish voices. Everyone is waiting for a rebound, but who knows when it will come. The contracts have really been hammered, with 30% gone directly. So is this a good opportunity to buy the dip? Or is it safer to keep observing? These numbers do look a bit uncomfortable, but there's no need to panic.

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NFTRegretful

· 01-09 09:11

December is really freezing, CEX down 35%, DEX not doing much better, is it time to hibernate? --- Wow, trading volume is dropping sharply, is everyone waiting for spring? --- A 35% drop would make anyone cry, retail investors are probably going to get caught again this month. --- DEX can't escape either, Perp down 30%, it seems no one is playing this round. --- When the market is bad, you should look at the long term. I'm actually more at ease with such terrible short-term data. --- This data looks a bit scary... but it happens every year, don't panic. --- Perpetual contracts down 26%, spot down 35%, truly incredible. Where did the money go in December? --- That said, a decline in trading volume isn't necessarily a bad thing, it indicates rational investors are observing.

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BlockchainFoodie

· 01-09 09:09

yeah so basically the entire market just got put in the deep freezer... 35% drop on cex spot? that's like watching your soufflé collapse mid-rise, no coming back from that 😅

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shadowy_supercoder

· 01-09 09:07

Is it that kind of cooling news again? But a 35% drop is indeed a bit fierce. Even CEXs are like this, so DEXs might not have it any better. Is December all about holidays? The trading volume is so sluggish... Wait, what about Bitcoin? Could it be that even it couldn't hold up? The decline in popularity is real, but isn't that normal... The market is supposed to fluctuate like this. Just let it drop quickly. Waiting for a low point to buy isn't a good idea, why rush now? This data is a bit outrageous. Why do I feel December isn't that cold?

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GasGuzzler

· 01-09 08:55

The December cooling wave has really left traders a bit stunned. --- CEX down 35%, DEX also struggling, it seems the market is really cooling off. --- Contract trading volume dropped 26%, is it time to start bottom fishing now? --- From the data, both centralized and decentralized platforms are shrinking, this is the consensus. --- Perpetual contract trading volume fell 30%, it seems everyone is just watching and waiting. --- DEX website traffic is also declining, indicating that people's confidence is waning. --- With the market cooling so obviously in December, can there be a rebound next month? --- Trading enthusiasm has weakened indeed, but such times are actually more likely to produce dark horses. --- The data is so bleak, are people still playing spot trading? --- It looks like the entire industry is hibernating. When will it wake up?

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LightningAllInHero

· 01-09 08:50

December is like an ice cellar, with spot prices plunging 35%, and futures not doing much better January market is dead in the water, how are we supposed to play CEX drops so hard, DEX has to follow and be sacrificed too, it seems no one dares to move anymore Futures volume drops by 30%, I think it's just cleaning out the retail investors Winter is here, everyone needs to put on more clothes All activities are cooling down, and I need to tighten my leverage first Are you still trading in December? Anyway, I've already shifted to a wait-and-see mode The 35% drop in spot prices is a bit scary, perpetuals can't escape either, as expected, prosperity and decline go hand in hand Everyone is in hibernation mode, see you next year

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PerpetualLonger

· 01-09 08:46

Damn, is this sinking or not? The final bottom-fishing opportunity is here, brothers. Wait, let me add to my position. This time, I will definitely break even. Is that all for the bears? There will definitely be a rebound next month, my faith is still here. If the data drops, it drops. Big players are secretly positioning themselves. Honestly, December is when retail investors are clearing out, and that's when we are fully invested. The colder it gets, the more we must hold steady and not move. Once this wave passes, it will be a bull market. I bet on luck. Really, this is the last time I add. This time, it must break through. People are panicking, but I am not. Experienced traders do this. Those who are bearish will never make big money. I am stubbornly bullish.

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