Odaily News The Matrixport report revealed that global market liquidity has improved, but the Bitcoin market still faces certain risks in the near term, especially after the meme coin craze has cooled down, the overall market performance remains sluggish.
The report pointed out that despite the recovery of the market environment, the price of Bitcoin has not seen a significant breakthrough, indicating that the current market lacks strong driving force. In addition, the US economic data is slightly better than expected, but the uncertainty surrounding the Fed's policy still affects market sentiment, and the implementation time of the easing policy is still uncertain.
In terms of Solana ecology, the meme coin market has entered a consolidation period. The automated market maker (AMM) liquidity provider Raydium has fallen 71% in the past week, and the price of Solana has fallen 37% from its high. In addition, the trading popularity of Solana's decentralized trading platform Pump.fun has also declined, and the market revenue has dropped to US$582 million in the past week.
Matrixport also emphasized that there are still structural risks in the Bitcoin market, and the market's attitude towards US economic policies, global liquidity conditions and the market's preference for risky assets remain key factors in future trends.