Online reports that according to TheBlock data, CEX spot trading volume fell to US$1.07 trillion in June, down from US$1.47 trillion in May, hitting a nine-month low. Min Jung, research analyst at Presto Research, said: Although Bitcoin remains stable and not far from historical highs, the altcoin market is struggling, and most altcoins, including ETH, are still down nearly 40% from their peak. This suggests that the market is mainly driven by institutional investors buying bitcoin, while participation among retail investors who typically prefer altcoins remains relatively sluggish.