Matrixport: Volume continues to decline, Bitcoin may enter a summer consolidation period.

Golden Finance reports that Matrixport released today’s chart stating, “The volume has recently begun to enter a platform consolidation phase, showing initial signs of a weakening summer market. Although the current market remains active, in the context of a lack of key catalytic events in August, coupled with a general decline in retail investor trading willingness during the holiday period, market enthusiasm may gradually cool down.” From the chart, it can be seen that there have been three significant volume spikes in the market over the past 18 months, each accompanied by a substantial rise in Bitcoin prices. Although such phenomena are not common, they often carry strong signaling significance, reminding us to closely monitor similar trends during the evolution of the market. Historical experience shows that a decline in volume is often a precursor to Bitcoin entering a consolidation phase. As August approaches, the market may be gradually entering this stage.