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Matrixport, the conditions for a Bitcoin rebound are gradually taking shape
Matrixport released a chart today stating, "The current sentiment in the crypto market is weak, and overall trading volume remains low. Many traders have shifted their attention to other assets such as gold and oil. However, beneath the calm surface, some changes are occurring. Bitcoin has fallen for five consecutive months, which is relatively rare in history, and such trends often precede a phase of rebound. Meanwhile, the total market capitalization of altcoins has also fallen back to the range where multiple historical rebounds have started. Although our altcoin model has not officially turned bullish, the number of tokens that have regained the 30-day moving average and passed momentum screening has significantly increased. As stablecoin funds flow back into the market, liquidity conditions are also continuously improving. Overall, these signals indicate that the likelihood of a rebound in the crypto market is gradually increasing."
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