#数字货币市场回调 The spot market delivered a slightly lackluster performance at the start of December.

Mainstream platforms had a trading volume of about 25 billion USD in the last 24 hours, a decrease of just over 15% compared to the previous day. $BTC remains the leader, with a daily trading volume of 760 million USD, accounting for 30% of the total; $ETH and SOL follow closely behind, recording 1.27 billion and 580 million USD respectively - the liquidity of mainstream coins is still holding up.

Looking at the extended timeline, the overall trading volume in November hit a nearly 5-month low, with the total global Spot amount around 1.59 trillion US dollars, a direct month-on-month cut of one quarter. The performance of decentralized trading is even more dismal, with a contraction trend more pronounced than that of centralized platforms.

However, the market is not all bad news. The IRYS perpetual contract has just launched, and the spot price has surged nearly 80% as if it has been injected with adrenaline, with trading volume skyrocketing by 131%; CREAM and PNT also recorded increases of 65% and 45% respectively, and the speed of sector rotation has noticeably quickened. In addition, the Central Bank of Brazil has approved a new license, further expanding the Latin American business landscape.

Bitcoin has retreated from its highs to around $86,500, with ETF experiencing capital outflows, and "liquidity contraction" has become a hot topic in the community. However, upon closer examination, this adjustment resembles more of a reshuffling—institutional funds are flowing in quietly, and the data on stablecoin inflows is also showing signs of recovery.

In a phase of increased volatility, keep an eye on new projects and on-chain capital trends; you might be able to position yourself ahead of the next rebound.