Bitcoin Dips as November Trading Volume Falls to Lows, CEX/DEX Volumes Decline and US Bitcoin Spot ETF Posts Largest Monthly Outflow
BTC/USDT
$23,298,561,101.23
$66,025.52 / $63,030.00
Change: $2,995.52 (4.75%)
-0.0012%
Shorts pay
In November, global crypto trading activity cooled, according to The Block via COINOTAG News. Total CEX volume slipped to $1.59 trillion, marking a 26.7% monthly decline and the weakest print since June.
Binance maintained its top position but recorded a substantial drop in exchange volumes, from $810.44 billion in October to $599.34 billion in November, highlighting softer appetite among traders.
Decentralized exchanges also experienced demand softness, with DEX trading volume dipping to $397.78 billion for the month, signaling tighter liquidity across venues.
Bitcoin price momentum weakened over the month, sliding from roughly $110,000 to around $86,500. Concurrently, the spot BTC ETF posted net outflows of about $3.48 billion—the largest monthly exit since February.