Gate News, March 13 — In its weekly report, Matrixport stated that current crypto market sentiment is weak, with overall trading volume remaining low. Many traders have shifted their focus to other assets such as gold and crude oil. The report pointed out that Bitcoin has declined for five consecutive months, which is rare in history, and such a trend often precedes a phased rebound. Meanwhile, the total market cap of altcoins has also fallen back into a range that has historically triggered multiple rebounds. The report noted that although altcoin models have not yet officially turned bullish, the number of tokens that have regained the 30-day moving average and passed momentum screening has significantly increased. As funds from stablecoins flow back into the market, liquidity conditions are continuously improving. The report believes these signals indicate that conditions for a crypto market rebound are gradually forming.
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