Bitcoin Continues to Break Record After Record But Why Is There Still No Movement in Ethereum and Altcoins! Analyst Explained!

According to the latest data, CEX spot trading volume reached a 9-month low in June.

Why is CEX Volume Decreasing?

Central cryptocurrency exchanges (CEX) recorded a spot trading volume of 1.07 trillion dollars in June, according to the data. This was the lowest level in the last nine months.

CEX's monthly spot trading volume has fallen to its lowest level since September 2024, while the trading volumes of decentralized (DEX) exchanges continue to rise.

An analyst suggested that the reason for this decline is that the current cryptocurrency cycle is supported by institutional Bitcoin (BTC) investors rather than retail investments, and this situation has impacted CEX volume.

Speaking to The Block, Presto_Research analyst Min Jung stated that unlike previous cycles, the last cycle is focused on institutional investors and that retail investors who generally prefer altcoins like Ethereum (ETH) are not present in the market.

At this point, Jung stated that most of the previous bull cycles were primarily retail-focused, and retail investors have not yet entered the market and have not traded due to the poor performance of altcoins, expressing that this situation has negatively affected CEX volume.

"While Bitcoin shaping the last cycle remains stable and not far from all-time highs.

Despite the success of BTC, the altcoin market is struggling to rise, and most altcoins, including Ethereum (ETH), are still about 40% below their peaks.

This situation indicates a market largely driven by institutional Bitcoin purchases, while retail participation - which generally prefers altcoins - remains relatively stagnant.

Jung finally stated regarding the increase in DEX volume, "There has been an increase in DEX activity due to the success of platforms like Hyperliquid and the emergence of more DEXs that offer better user experiences."