According to TechFlame, on August 8, Matrixport released a weekly report analysis saying, “The market has recently entered an adjustment phase. Bitcoin's momentum has weakened, and the financial side and transaction popularity have cooled down at the same time. The volume of transactions has shrunk, capital rates remain low, and

the market structure tends to loosen.

Since the Federal Reserve has yet to release a clear signal, the market may continue to wait and see. Entering a period of consolidation, we still have doubts about its sustainability, and prefer to think that prices will continue to move sideways.

The

core question facing Bitcoin now is whether the repricing of US economic growth expectations will trigger a rebound in actual volatility. As volatility continues to decline, the net asset value (NAV) of some listed companies that hold large amounts of Bitcoin has shrunk, weakening their ability to raise capital and further increase their Bitcoin holdings

by issuing new shares.

Currently, it is still recommended to be patient and wait for clear signs of a bottom to appear or market momentum to pick up again. In Bitcoin trading, if you don't sell at a high level, you can't rearrange at a low level.

”