TechFlow news, July 29 — Matrixport released a chart today stating, "Trading volume has recently begun entering a consolidation phase, showing initial signs of summer market weakness. Although the current market remains active, with no major catalytic events expected in August and retail trading sentiment generally declining during holidays, market热度 may gradually cool down.
From the chart, there have been three notable surges in trading volume over the past 18 months, each coinciding with significant increases in Bitcoin's price. While such occurrences are not common, they often carry strong signal significance, reminding us to closely monitor similar trends during market evolution.
Historical experience indicates that declining trading volume is often a precursor to Bitcoin entering a consolidation period. As August approaches, the market may be gradually moving into this phase."
