TechFlow News: On March 13, Matrixport released its chart of the day stating, “Current sentiment in the crypto market remains weak, and overall trading volume remains low. Many traders have shifted their attention to other assets such as gold and crude oil.
However, beneath this calm surface, changes are underway. Bitcoin has declined for five consecutive months—a historically rare occurrence—and such extended downtrends have often preceded short-term rebounds. Meanwhile, the total market capitalization of altcoins has also retreated to a range that has frequently marked the start of prior rebounds. Although our altcoin model has not yet officially turned bullish, the number of tokens regaining their 30-day moving average and passing momentum-based filters has noticeably increased. As stablecoin liquidity flows back into the market, liquidity conditions continue to improve.
Overall, these signals suggest that the likelihood of a crypto market rebound is gradually rising.”
