Conversely, throughout bearish intervals, buying and selling volumes begin to dwindle, with bursts of exercise round intervals of deleveraging. Uncertainty, destructive information, regulatory crackdowns, or market corrections typically result in a decline in buying and selling. Buyers would possibly undertake a wait-and-see method, resulting in decreased transaction volumes, and so they would possibly transfer their property to chilly storage or stablecoins, lowering the general buying and selling exercise on exchanges.