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Matrixport: Lack of New Catalysts in Market, Retail Trading Activity Continues to Weaken
Summary: Matrixport released a chart today indicating that retail trading activity in the crypto market has been consistently weak this year. Daily trading volume in South Korea has dropped to $7.75 billion, while Binance's daily trading volume has also decreased to $50 billion, hitting a new low since September 2024. The significant decline in trading volume ...
Matrixport released a chart today indicating that retail trading activity in the crypto market has been consistently weak this year. Daily trading volume in South Korea has dropped to $7.75 billion, while Binance's daily trading volume has also decreased to $50 billion, hitting a new low since September 2024. The significant decline in trading volume reflects an overall waning enthusiasm among retail investors. Since the launch of TRUMP coin in January, market trading has gradually cooled off. With the unlocking of $7.82 billion worth of TRUMP tokens next week, additional supply may further exacerbate market selling pressure, leading some holders to cash out. If there is not enough buying interest to absorb this, short-term volatility may intensify. Currently, the market lacks new catalysts, and most retail investors seem to have already entered a 'summer vacation mode'.
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Link: Matrixport: Lack of New Catalysts in Market, Retail Trading Activity Continues to Weaken [Copy]
