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"Market to Recover Soon... The Cause of the Downtrend is Lack of Liquidity"

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Uk Jin
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  • Daniel Yan, the founder of Matrixport, stated that the current downtrend is temporary.
  • He pointed out lack of liquidity and CTA strategy selling pressure as the main causes of the decline.
  • He expressed a positive outlook on the possibility of market recovery.
STAT AI Notice
  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

The cryptocurrency market is generally on a downtrend, but this is only a temporary phenomenon, according to some opinions.

On the 3rd, Daniel Yan, the founder of Matrixport, stated on X (Twitter), "The reason for this downtrend is due to the lack of liquidity and the selling pressure from trend-following CTA strategies," but added, "The announcement of tariffs will not lead to a productivity shock or inflation, and the market will be able to recover soon."

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