Data: Matrixport's hidden liquidity risk in the cryptocurrency market is rising, with market capitalization increasing but trading volume not keeping pace
Matrixport released the latest research chart indicating that although the total market capitalization of crypto assets has risen from $2.4 trillion to $3.7 trillion over the past 12 months, the market trading volume has decreased from $352 billion to $178 billion, a decline of about 50%. This suggests a structural cooling of the market and relatively low liquidity.
The report believes that the shrinking trading volume reflects a decline in market participation and weakening momentum, which is a potential cautious signal. On-chain data also shows that Bitcoin may have entered a phase of bear market. Although long-term catalysts remain, short-term momentum is insufficient to support sustained price increases. In a low liquidity environment, exchange pressure is rising, and market activity and trading revenue may continue to be under pressure.








