Matrixport: Global Liquidity Improves, But Meme Coin Market Shows No Signs of Recovery, Bitcoin Risk Persists

BlockBeats News, March 14th, Matrixport's report revealed that despite the recent weakening of the US dollar driving a rebound in global liquidity indicators and slight improvement in inflation data, the meme coin sector in the cryptocurrency market still showed a lackluster performance with no signs of recovery.

The report noted that the altcoin market peaked in early December 2024 and began to decline, with the meme coin bubble bursting in January of this year, causing the total cryptocurrency market capitalization to drop from $3.6 trillion to $2.6 trillion.

Although Solana-based Pump.fun platform generated over $582 million in revenue in the past 12 months, its recent income growth has seen a rapid decline.

The report also mentioned that hedge funds unwinding arbitrage positions are a key driver of recent Bitcoin selling pressure, and this selling pressure may be approaching its maximum intensity.