Matrixport: Cryptocurrency Market Lacks New Catalysts, Retail Trading Enthusiasm Wanes Overall
BlockBeats News, July 7th, Matrixport released its daily analysis stating that this year, the retail trading activity in the crypto market has remained weak. The daily spot trading volume in Korea has dropped to $775 million. The significant decline in trading volume reflects an overall waning enthusiasm among retail participants.
Since the launch of the TRUMP coin in January, market trading has gradually slowed down. With the unlocking of $782 million worth of TRUMP tokens next week, the additional supply may further intensify market selling pressure, and some holders may exit to cash out. If there is insufficient buying pressure to support this, short-term volatility may escalate.
The current market lacks new driving factors, and most retail investors seem to have already entered the "summer break mode" ahead of time.
You may also like

Key Market Information Discrepancy on March 2nd - A Must-See! | Alpha Morning Report

Iran Missile Strike in Dubai: Three Chinese Nationals Tell Their Story 48 Hours Later

72 Minutes Before Attack, Six Mysterious Accounts Raked in $1.2 Million

How to Preserve Life and Wealth in Turbulent Times | Bill It Up Memo

I have given up using OpenClaw

WLFI is involved in insider dealings again? The banking license controversy under a $500 million investment

Morning News | Iranian Supreme Leader Khamenei Assassinated; Kalshi to Refund Fees for "Will Khamenei Step Down" Related Market; Bitcoin Spot ETF Sees Net Inflow of $787 Million This Week

The harvesting tactics of the quantitative giant Jane Street

Cryptocurrency ETF Weekly | Last week, the net inflow for Bitcoin spot ETFs in the U.S. was $787 million; the net inflow for Ethereum spot ETFs in the U.S. was $80.2 million

WLFI at it Again? Banking License Controversy Amid $500M Investment

The Aave civil war escalates, Morpho quietly doubles: Is the lending throne about to change hands?

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market

Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?

The little deer live by the water and grass
