1/ DEX to CEX volumes have slowly risen over the past few years, but the ratio recently spiked in May.

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The conflict between Israel and Iran rapidly escalated this week. Against the backdrop of widespread volatility in risk assets, Bitcoin was affected but quickly rebounded, rising to $106,000 in the afternoon and currently trading at $105,398.

The US spot Bitcoin ETF has also recorded net capital inflows for five consecutive trading days, with a cumulative amount of $1.3 billion. (On June 13, an additional $301 million in net inflows was recorded.)

[Xnip2025-06-15_15-07-59 | BlockTempo-The Most Influential Blockchain News Media]B...

BTC hits $106,000, Bitcoin spot ETF has net inflows for five consecutive days

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Bitcoin rebounded from a Middle East selloff and now trades above $105K, as long-term conviction strengthens among younger investors embracing its global ethos.

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4/ However, the primary reason for the volume ratio increase was due to increased activity on @BNBCHAIN, which saw daily volume reach over $21B

5/ This spike in volume stemmed from the heavily incentivized Binance Alpha DEX Campaign, causing high levels of wash trading.
Tokens like Polyhedra and KOGE have seen several billion in daily trading volume.

6/ Headline numbers don't always tell the full story.
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