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."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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