Citing MarsBit, Matrixport noted on November 12 that while the crypto market cap expanded from $2.4 trillion to $3.7 trillion over the past 12 months, daily trading volume dropped from $35.2 billion to $17.8 billion, a 50% decline. The shrinking volume indicates reduced market participation and weakening momentum, signaling structural caution. On-chain data suggests Bitcoin may have entered a short-term bear market, with insufficient short-term momentum to drive sustained upward movement. Low liquidity and weak conditions have also put pressure on trading platforms, suppressing market activity and trading revenue.
Matrixport: Crypto Trading Volume Falls 50% Despite Market Cap Growth, Bitcoin May Enter Short-Term Bear Market
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