Analysis: The overall cryptocurrency trading volume remains sluggish, and the trading volume in the traditionally retail dominated Korean market is still relatively low

The latest report released by Matrixport shows that despite Bitcoin approaching a historic high, overall cryptocurrency trading volume remains sluggish. This indicates that retail investors may not have actively participated in the current market rally, especially in the traditionally retail dominated Korean market where trading volume remains low. The price increase this time may be mainly driven by institutional investors and corporate buyers, while retail investors are watching. In history, retail investors typically entered later in the market cycle and may provide the final push before local highs, as seen in February and November 2022. This model may reappear, and retail investors may enter the market before another peak.