ChainCatcher message, Matrixport released a daily icon analysis stating that over the past 18 months, our cryptocurrency concept stock index has significantly outperformed Bitcoin. However, with the recent pullback in the stock prices of leading companies like MicroStrategy, Coinbase, and Metaplanet, the index has begun to show signs of a pullback.

The cooling of buying activity after Circle's listing further confirms the lack of momentum in the new stock market. Currently, the institutional participation is insufficient, which may reflect the seasonal weakness of summer. In the absence of significant cryptocurrency IPO support, prices may further consolidate in the short term.