Data: Matrixport—Hidden Liquidity Risks in the Crypto Market Are Rising, Market Cap Increases but Trading Volume Does Not Keep Up

ChainCatcher News, Matrixport has released its 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, market trading volume has shrunk from $352 billion to $178 billion, a decrease of about 50%. This suggests a structural cooling of the market and relatively scarce liquidity.

The report believes that the contraction in trading volume reflects a decline in market participation and weakening momentum, serving as a potential cautionary 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 face downward pressure.