Matrixport: The market lacks new driving factors and retail trading activity continues to be weak
Odaily News Matrixport released todays chart, saying that retail trading activity in the crypto market has continued to be weak this year. South Koreas daily spot trading volume has dropped to $775 million, and Binances average daily trading volume has also shrunk to $5 billion, a new low since September 2024. The obvious decline in trading volume reflects the overall decline in retail investors enthusiasm for participation.
Since the launch of TRUMP coin in January, market trading has gradually turned weak. With the unlocking of $782 million TRUMP tokens next week, the new supply may further increase the market selling pressure, and some holders may leave the market to cash out. If there is a lack of sufficient buying, short-term volatility may intensify.
The current market lacks new driving factors, and most retail investors seem to have entered summer vacation mode ahead of schedule.
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