Mars Finance reports that Matrixport released a chart today stating, "Currently, crypto market sentiment is weak, with overall trading volume remaining low. Many traders have shifted their attention to other assets such as gold and crude oil. However, beneath the calm surface, some changes are taking place. Bitcoin has fallen for five consecutive months, which is historically rare, and similar price movements often precede subsequent rebounds. Meanwhile, the total market capitalization of Altcoin has also fallen back to the range where previous rebounds have often begun. Although our Altcoin model has not yet officially turned bullish, the number of tokens that have regained their 30-day moving average and passed momentum screening has increased significantly. Liquidity conditions are also continuously improving as stablecoin funds flow back into the market. Overall, these signals indicate that the possibility of a crypto market rebound is gradually increasing."
Matrixport: Conditions for a Bitcoin rebound are gradually forming.
This article is machine translated
Show original
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content




