Upbit Exchange plays a pivotal role in the Korean crypto market, but recent data shows that its trading volume has dropped by a staggering 73% per month! Does this huge change indicate an upcoming big fluctuation? Let's take a deeper look at this phenomenon and reveal the possibilities behind it.

The Korean crypto market has always attracted much attention, and Upbit, as one of the largest exchanges, has caused speculation and concern about its sudden drop in trading volume. This phenomenon may have a profound impact on the entire market. Let's analyze the cause and effect and see what changes may occur in the future.

In the past few months, Upbit Exchange's trading volume has continued to decline every month, and this trend is worrying. If this situation continues, what will the Korean crypto market face? This is not just a problem for Upbit, but also about the ecological balance and future development direction of the entire market.

Volatility in the crypto market has always been common, but such a sharp drop in Upbit's trading volume still caught people off guard. Does this mean that the market is about to fluctuate violently? Perhaps this is a signal of market adjustment, or it may be a manifestation of deeper problems. Let's explore together and see what secrets are hidden behind this phenomenon.

Changes in the crypto market are often unpredictable, and the decline in Upbit's trading volume is even more puzzling. Does this dramatic fluctuation indicate that the market is about to usher in a major change? Perhaps this is a necessary stage in the development of the market, or it may be a problem with the market mechanism itself. Next, we will analyze this phenomenon from different angles to reveal the mystery.

Upbit Exchange has always been the mainstay of the Korean crypto market, but the sharp decline in its trading volume has made people anxious. What impact may this phenomenon have on the market structure? Is it a problem of market mechanism or a change in market demand? Let's dig deeper and see what the future direction of the market will be.

The crypto market is constantly fluctuating, and the decline in Upbit's trading volume has cast a shadow on the entire market. This change may trigger a huge change in the market, or it may just be a temporary adjustment. Let's analyze together and explore whether there are deeper problems behind this phenomenon.

In the tide of the crypto market, the decline in Upbit's trading volume has attracted people's attention. Is this just a temporary fluctuation in the market? Or has the market ecology undergone fundamental changes? Let's explore together and see what the future direction of the market will be.

The decline in trading volume on Upbit Exchange has brought new challenges to the Korean crypto market and has made people start to think about the future direction of the market. Does this phenomenon mean that the market is about to usher in a big change? Perhaps this is an adjustment of the market mechanism, or it may be a change in market demand. What will the future market look like? Next, let's discuss it together.

The crypto market is changing, and the sudden drop in trading volume on Upbit Exchange has made people start to think about the future of the market. This phenomenon may lead to profound changes in the market, or it may just be a temporary fluctuation in the market. Let's discuss it together and see what the future development direction of the market will be.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Coin Circle (120bTC.COM): As various currencies experienced significant declines last night, the trading volume of Upbit, the largest exchange in South Korea, dropped sharply by 75% in less than a month; however, a closer look shows that the spot and contract trading volumes of major exchanges have also dropped sharply, which seems to indicate an upcoming trend.

Upbit's trading volume is only 30%

According to Coingecko data, the trading volume of the Korean exchange Upbit fell by 73% last month, from a peak of about US$14 billion on March 5 to US$3.8 billion at the time of writing.

In addition, Coinglass data also shows that public chains including BTC, ETH, SOL, AVAX, TON, etc. have experienced a significant 7-day trading volume decline, averaging about 20%, while only some stablecoins and meme coins have shown positive growth; showing that the market has reduced its investment in funds for various public chains and turned to participate in the frenzy of competing coins.

The same situation is also reflected in the current contract trading volume of major exchanges, including OKX and Bybit, which has decreased by 50% to 70% from the historical highs of March 5-6.

As one of the main markets that love altcoins, Upbit's trading volume has been greatly weakened and even flattened, which has attracted more attention and raised questions about whether other altcoins other than Bitcoin and Ethereum can set new highs.

BTC and ETH trading volume only account for 11%

As a recognized major cryptocurrency trading country, Korean cryptocurrency enthusiasts have always paid more attention to altcoins rather than Bitcoin and Ethereum, which have the largest market value.

It is reported that BTC/KRW and ETH/KRW trading pairs only account for 11.3% of the market's 24-hour trading volume, while the country's more popular trading currencies are Doge, Ankr, Wave and Bitcoin
Cash, etc.

It was previously reported that the daily trading volume of South Korean cryptocurrency exchanges, led by Upbit, Bithumb, and Coinone, reached 16.34 trillion won (about 12.5 billion U.S. dollars) two weeks ago, while the country's stock market trading volume on the same day was 20.8 trillion won (about 15.88 billion U.S. dollars), and the market performance was extremely hot.

Is there going to be a big fluctuation?

Yesterday's report, crypto market makers DWFLabs and Matrixport also both named the above phenomenon, saying that the hype and speculation craze for meme coins on various chains derived from the expectation that the Cancun upgrade will benefit L2 seems to have gradually weakened.

Andrei Grachev, co-founder of DWF Labs, believes that the slowdown in capital flows may be a precursor to the upcoming large market fluctuations.