Matrixport: Lack of new driving factors in the cryptocurrency market, overall decline in retail trading enthusiasm

BlockBeats News: On July 7th, Matrixport released a daily analysis stating that retail trading activity in the cryptocurrency market has remained weak since the beginning of this year. The daily trading volume of spot goods in South Korea has dropped to 775 million US dollars. The significant decline in trading volume reflects the overall decline in the enthusiasm of retail investors to participate. Since the launch of TRUMP coin in January, market trading has gradually turned weak. With the unlocking of $782 million in TRUMP tokens next week, new supply may further intensify market selling pressure, and some holders may exit to cash out. If there is a lack of sufficient buying demand, short-term fluctuations may intensify. The current market lacks new driving factors, and most retail investors seem to have entered the 'summer break mode' ahead of schedule.