According to Deep Tide TechFlow, Matrixport released a chart today stating that 'trading volume has recently begun to enter a phase of platform consolidation, initially showing signs of weakness in the summer market. Although the current market remains active, against the backdrop of a lack of key catalytic events in August, combined with a general decline in retail trading willingness during the holiday period, market enthusiasm may gradually cool down.'
From the chart, over the past 18 months, the market has experienced three significant surges in trading volume, each accompanied by a substantial rise in Bitcoin prices. Although such phenomena are uncommon, they often carry strong signals reminding us to closely monitor similar trends during the evolution of the market.
Historical experience indicates 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.'
