Bitcoin (BTC) and ALTCOIN SPOTHORD CLOSE have fallen as crypto prices entered into correction mode in the last two months, with Crypto Exchange Binance emerging as the preferred path for dealers, according to a Cryptoquant report.

The total Bitcoin spot trading volume on crypto exchanges fell from a highlight of $ 44 billion on February 3 to $ 10 billion at the end of 1. quarter, a decrease of almost 77%, according to the Analytics company. Meanwhile, the overall ALTCOIN -SPOT -SPOT -HAPE volume on crypto exchanges fell from a highlight of $ 122 billion on February 3 to $ 23 billion at the end of 1. quarter – a decrease of more than 80%.

A volume of such size suggests that dealers and investors lose interest or confidence, possibly because of uncertainty or fear. Falling prices mean that the value of Bitcoin and other cryptos decreases, which can scare more people, creating a cycle with less trade and lower prices, the report added.

Market loss is Binance’s gain

At the same time, Binance increased its dominance over the other crypto exchanges with its share of the total market trade that reached almost 50%. Binance’s share of the total daily Bitcoin Spot trade increased from 33% on February 3 to 49% at the end of 1. quarter.

This means that trading in quantities on other exchanges fell much faster than on Binance and that the stock exchange becomes the largest liquidity place in times of higher market volatility.

Furthermore, Binance’s share of the total daily Altcoin -spot -trading volume increased from 38% on February 3 to 44% at the end of 1. quarter.

Some altcoins still show relatively high spot trades on Binance despite the total slowdown in trading volumes. For example, large altcoins such as BNB, Ton and EOS are still traded with relatively high activity at one point that the total crypto bolumen has fallen.

Meanwhile, Bitcoin influx of Binance has been accelerated in the last week, cryptocrant -independent analyst Martuun wrote.

“Bitcoin reserve at Binance has risen from 568,768 BTC (March 28) to 590,874 BTC (April 9), an increase of 22,106 BTC,” he said in an excerpt. “This shows a strong acceleration in BTC flow to Binance. It is likely that investors are actively moving funds to binance, due to macrous security and before the upcoming CPI message.”