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Bitcoin’s sideways movement close to the $90,000 mark has calmed down the broader cryptocurrency market with declining trading volumes on centralized exchanges. 
Binance, the largest crypto exchange by trading volume, saw a 15.2% decline in its daily trading volume to $26.6 billion, according to <a href="https://www.coingecko.com/en/exchanges" target="_blank" rel="nofollow">data</a> provided by CoinGecko. The CEX platform has listed 385 tokens with 1,260 trading pairs so far. 
Data shows a 14.6% decline in the Bybit trading volume to $5.7 billion. The Dubai-based trading platform has listed more tokens than Binance — 512 crypto assets — but fewer trading pairs than the largest crypto <a href="https://crypto.news/tag/exchange/" target="_blank">exchange</a> — currently 630, the most popular being Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>)/USDT. 
The third-largest CEX, the Seychelles-based OKX, witnessed an 18% drop in its trading volume to $4.6 billion, according to CoinGecko data. 
The decline in CEX trading volume comes along with a 4% decline in the total decentralized exchange trading activity to $9 billion on all platforms, per CoinGecko. 
Bitcoin’s consolidation around the $90,000 zone brought a market-wide cooldown as some of the leading cryptocurrencies — Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank">ETH</a>), BNB (<a href="https://crypto.news/price/bnb/" target="_blank">BNB</a>) and Toncoin (<a href="https://crypto.news/price/toncoin/" target="_blank">TON</a>), to name a few — have entered the overbought zone. 
This movement is usually considered normal since both long-term and short-term investors would try to take profits due to the appealing prices. 
<h2 class="wp-block-heading" id="crypto-liquidations-decline">Crypto liquidations decline</h2> 
The total crypto <a href="https://crypto.news/crypto-liquidations-reach-650m-btc-eth-enter-the-overbought-zone/" target="_blank">liquidations</a> have been constantly declining from Nov. 12’s $869 million to $231 million — $141 million longs and $90 million shorts — over the past 24 hours, according to data from Coinglass.&nbsp; 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="992" height="452" src="https://crypto.news/app/uploads/2024/11/Screenshot-2024-11-18-104740.png" alt="Centralized exchanges face a hard blow amid cooling liquidations - 22" class="wp-image-14311322">
 <figcaption class="wp-element-caption">
 Crypto liquidations | Source: <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="nofollow">Coinglass</a>
 </figcaption>
</figure> 
Bitcoin took the lead with $37.3 million in liquidations — $24.7 million longs and $12.6 million shorts.&nbsp; 
As the liquidations decrease, investors eye a further bullish momentum with a 1.5% rise in the total crypto open interest to $104 billion, per Coinglass data.&nbsp; 
The increase in the total OI could hint at a higher market-wide volatility as the market is <a href="https://crypto.news/crypto-market-enters-greed-zone-as-bitcoin-hikes-further/" target="_blank">hovering</a> in the “extreme greed” zone. 
Notably, Bitcoin’s momentum either way could potentially drag the broader market with it due to its 56.2% dominance. 
 Read more: <a rel="" href="https://crypto.news/coinbase-ceo-doge-could-increase-economic-freedom/"> Coinbase CEO mentioned ‘DOGE’ could increase economic freedom </a>

Centralized exchanges face a hard blow amid cooling liquidations

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