CryptoQuant: Since the large-scale liquidation event on October 10, traders have begun to shift to a more cautious spot trading model

According to CryptoQuant analyst Darkfost, the market has experienced volatility since the massive liquidation event on October 10th, prompting traders to shift to a more cautious spot trading model. Binance, the leading spot market platform, has seen cumulative BTC spot trading volume reach $180 trillion, with daily trading volume increasing from $3 billion to $5 billion in early September to the current $5 billion to $10 billion.