Matrixport: Current Crypto Concept Stock Institutional Participation is Insufficient, Stock Price May Further Consolidate in the Short Term
BlockBeats News, August 20th, Matrixport released a new report on social media stating that after a strong 18-month rally, crypto concept stocks have entered a consolidation phase. Over the past 18 months, the crypto concept stock index has significantly outperformed Bitcoin. However, with recent pullbacks in the stock prices of leading companies such as MicroStrategy, Coinbase, and Metaplanet, the index has begun to show signs of a correction. The cooling of buying interest after Circle's listing further confirms the lack of momentum in the new stock market.
Analyst Markus Thielen stated that the current low institutional participation may reflect seasonal weakness in the summer. Without the support of major crypto IPOs, prices may further consolidate in the short term.
También te puede interesar
Ganadores
Últimas noticias sobre criptomonedas
24-Hour Spot Funding Flow: ETH Net Outflow of $139 Million, ZEC Net Outflow of $11.58 Million
Santiment: "Buy the Dip" Strategy Fading as Ethereum Nears $3,200 Strong Resistance Zone
A trader had their $6.5M USD MON long position liquidated, resulting in a $1.9M USD loss.
Analysis: The market is currently betting that $80,000 is a strong support level, with $100,000 being a strong resistance level.
Today's Crypto Fear and Greed Index is 28, with market sentiment staying in the "Fear" zone.
Atención al cliente:@weikecs
Cooperación empresarial:@weikecs
Trading cuantitativo y MM:[email protected]
Programa VIP:[email protected]