Data: CEX spot trading volume drops to a 5-year low, and the market has shifted towards hoarding mode

According to BlockBeats, on June 9th, CryptoQuant analyst Axel released data on social media stating that the daily average spot trading volume on the centralized trading platform (CEX) has dropped to the level of October 2020. The token has neither been sold on the spot nor transferred on the chain - the market has shifted towards the 'HoDL' model.