[Cryptocurrency Spot Trading Volume Drops 66% from January Peak] According to a report by Jinse Finance, Bitfinex stated that due to weak ETF inflows and an uncertain macroeconomic environment, traders have significantly reduced their trading activity this quarter, leading to a sharp decline in cryptocurrency spot trading volume, which has dropped 66% from its January peak. Data from CoinMarketCap shows that the 30-day cryptocurrency spot trading volume has fallen from over $500 billion in early November to approximately $250 billion this week. From late November to early December, trading activity has struggled to stay above the $300 billion to $350 billion range, with multiple trading days even dropping below $200 billion, hitting a new low in several months. The data also shows that there was a brief surge in mid-November when trading volume exceeded $550 billion, but it quickly retreated afterward.