December CEX trading data is out, and the overall market enthusiasm has clearly cooled down. According to the latest statistics, this month's trading activity on exchanges has hit the lowest level since October last year, with several key indicators declining simultaneously.

Specifically, the total trading volume decreased by 26.4% month-on-month, a significant drop. The spot market fared even worse, plunging by 31.2%, indicating that both large and retail investors are on the sidelines. Although the derivatives market wasn't as extreme, it also experienced a correction, with a decline of 24.6%.

This wave of declining trading activity reflects a decrease in market participation. The performance of major exchanges also shows divergence—some platforms are more resilient, while others have experienced more pronounced drops. For traders, this sluggish market indeed tests their mindset—either wait and watch for opportunities or carefully select directions. Market adjustments often contain opportunities; it all depends on how you seize them.