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Matrixport: Bitcoin may have entered a mini-bear market

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2025-11-12 03:35:17
"Cryptocurrency volumes remain weak relative to market size," Matrixport wrote. "Over the past 12 months, total market capitalization has risen from $2.40 trillion to $3.70 trillion, while daily trading volumes have fallen by 50 per cent from $352 billion to $178 billion. This divergence may indicate more limited market participation and less upward momentum, which may require a cautious stance if this persists. According to recent on-chain indicators, Bitcoin may have entered a mini-bear market phase. While there are multiple potential catalysts, its ability to drive a sustained uptrend remains uncertain. Against a backdrop of low liquidity, reported trading activity and fee income from listings remain subdued."
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