PANews reported on December 9th that Matrixport's chart analysis today indicates that retail participation in the crypto market remains low. Taking the historically high retail participation in the South Korean market as an example, current trading volume is significantly lower than during the peak periods of December 2023 and 2024: daily trading volume then reached billions of dollars, while currently it barely reaches around $1 billion, reflecting that retail funds, primarily used for short-term trading, have not yet seen a significant return.

In this market environment, some newly launched or expanding trading platforms have consistently struggled to achieve sustained increases in trading volume. The pace of previously much-anticipated IPOs has also slowed significantly. Without a broader influx of retail investors, even if the Federal Reserve chooses to cut interest rates, monetary policy easing alone will hardly drive a truly sustainable rally. To put it more bluntly, without trading volume, market sentiment cannot accumulate; without sentiment, trading volume cannot expand.