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Matrixport: Bitcoin May Have Entered a Minor Bear Market Phase
Summary: Matrixport stated that relative to market size, cryptocurrency trading volume remains weak. In the past 12 months, total market capitalization has increased from $2.4 trillion to $3.7 trillion, while daily trading volume has decreased from $352 billion to $178 billion, a 50% decline. This divergence may indicate limited market participation and weakening upward momentum, requiring ...
Matrixport stated that relative to market size, cryptocurrency trading volume remains weak. In the past 12 months, total market capitalization has increased from $2.4 trillion to $3.7 trillion, while daily trading volume has decreased from $352 billion to $178 billion, a 50% decline. This divergence may indicate limited market participation and weakening upward momentum, requiring a cautious stance if this situation persists. According to recent on-chain indicators, Bitcoin may have entered a minor bear market phase. Despite multiple potential catalysts, the ability to sustain an upward trend remains uncertain. In a low liquidity environment, trading activity and fee income on exchanges continue to be subdued.
