The spot trading volume of Bitcoin and altcoins has experienced a significant decline over the last two months, along with the correction in crypto prices. The spot trading volume of Bitcoin fell from $44 billion on February 3 to $10 billion at the end of Q1. Altcoins also saw a decline from $122 billion to $23 billion.

Amid this decline, Binance's dominance has increased, with its share of daily spot trading volume for Bitcoin rising from 33% to 49%. Binance has become the largest liquidity venue when market volatility is high.

Despite the correction in the crypto market, optimism towards Bitcoin remains. This movement shows that even though the market is sluggish, Bitcoin still has long-term potential.