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

BlockBeats News, March 14th, Matrixport's report revealed that despite the recent US dollar weakness 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 and no signs of recovery.

The report pointed out that the altcoin market started to decline after peaking in early December 2024, and the meme coin bubble burst in January this year, causing the total cryptocurrency market cap 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 revenue growth has rapidly declined.

The report also mentioned that hedge funds unwinding arbitrage positions are the main driver of recent Bitcoin selling pressure, and this sell-off may be approaching maximum intensity.