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Matrixport: Trading Volume Continues to Decline, BTC May Enter Summer Consolidation Period
Summary: Matrixport released a chart today indicating that trading volume has recently entered a consolidation phase, showing initial signs of a weak summer market. Despite the current market still being active, with the lack of key catalyst events in August and a general decline in retail trading interest during the holiday period, market enthusiasm may gradually ...
Matrixport released a chart today indicating that trading volume has recently entered a consolidation phase, showing initial signs of a weak summer market. Despite the current market still being active, with the lack of key catalyst events in August and a general decline in retail trading interest during the holiday period, market enthusiasm may gradually cool down. Looking at the chart, over the past 18 months, there have been three significant spikes in trading volume, each accompanied by a substantial increase in Bitcoin price. Although such occurrences are not common, they often have strong signaling significance, reminding us to closely monitor similar trends in market evolution. Historical experience indicates that a decline in trading volume is often a precursor to Bitcoin entering a consolidation period. As August approaches, the market may be gradually entering this stage.
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Link: Matrixport: Trading Volume Continues to Decline, BTC May Enter Summer Consolidation Period [Copy]
