TechFlow news, November 12 — Matrixport released a chart today stating, "Compared to market capitalization expansion, crypto trading volume remains unusually low. Over the past 12 months, market cap has risen from $2.4 trillion to $3.7 trillion, while average daily trading volume has declined from $352 billion to $178 billion (a 50% drop). Shrinking volume reflects cooling market participation and weakening momentum, forming a structural signal of caution.
On-chain signals suggest Bitcoin may have entered a phase bear market; despite potential catalysts emerging, short-term momentum may be insufficient to drive sustained upside. Against a backdrop of weak liquidity, exchanges are under evident pressure, with market activity and trading revenue remaining suppressed."
