In November, cryptocurrency trading volume hit a five-month low, with significant capital outflows from Bitcoin ETFs

According to The Block, the trading volume in the cryptocurrency market has significantly shrunk, with centralized exchanges' monthly trading volume dropping to $1.59 trillion, a decrease of 26.7% from October, marking the lowest level since June. The trading volume on decentralized exchanges also fell to $39.78 billion.

Binance still maintains its market leadership, but its trading volume decreased from $81.04 billion in October to $59.93 billion. Meanwhile, the price of Bitcoin dropped from around $110,000 at the beginning of the month to $86,500 by the end of the month, with a net outflow of $3.48 billion from the U.S. Bitcoin spot ETF, the largest monthly outflow since February of this year.