Matrixport: Crypto-related Stocks Enter a Consolidation Phase After 18 Months of Strong Gains

According to a report by Jinse Finance, Matrixport's daily chart analysis indicates that over the past 18 months, our crypto concept stock index has significantly outperformed Bitcoin. However, as leading companies such as MicroStrategy, a certain exchange, and Metaplanet have seen their share prices pull back recently, the index is now showing signs of a correction. The cooling of buying interest following Circle's IPO further confirms the lack of momentum in new stock listings. The current insufficient institutional participation may reflect the seasonal weakness typical of summer. Without the support of major crypto IPOs, prices may continue to consolidate in the short term.