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

Uk Jin

Summary

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.

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."