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Matrixport: Trading volume continues to fall, and Bitcoin may enter a summer consolidation period

According to online reports, Matrixport released today's chart saying,"Trading volume has recently entered the platform consolidation stage, showing initial signs of weakness in the summer market. Although the market is still active at present, in the context of the lack of key catalytic events in August and the general decline in retail investors 'willingness to trade during the holiday period, the market heat may gradually cool down. Judging from the chart, in the past 18 months, the market has experienced three significant surges in transaction volume, each time accompanied by a significant increase in the price of Bitcoin. Although such phenomena are rare, they often have a strong signaling significance to remind us that we should pay close attention to similar trends during the evolution of the market. Historical experience shows 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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