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Matrixport: Bitcoin may have entered a small Bear Market phase

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[Matrixport: Bitcoin May Have Entered a Minor Bear Market Stage] Matrixport stated that "relative to the market size, the trading volume of crypto assets remains weak. Over the past 12 months, the total market capitalization has risen from $2.4 trillion to $3.7 trillion, while daily trading volume has dropped from $352 billion to $178 billion, a decrease of 50%. This divergence may indicate limited market participation and weakened upward momentum, and if this situation persists, a cautious stance may be necessary. According to recent on-chain indicators, Bitcoin may have entered a minor bear market stage. Although there are several potential catalysts, their ability to drive a sustained upward trend remains uncertain. In a low liquidity context, reported trading activity and fee income in the on-market remain sluggish.

BTC-1.51%
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