Matrixport: The global coin supply index has once again become the focus of the market follow, which may affect the direction of market trading.

BlockBeats news, on June 25th, Matrixport’s daily analysis stated that ‘Recently, the global coin supply indicator has once again become the focus of the market’s attention. This indicator had previously captured a signal of a slight pullback in BTC last week, attracting a large number of traders to follow. Although historically, indicators based on market Liquidity are more accurate in predicting BTC price movements, due to the widespread following of this indicator in the market, its signals are often easily amplified by emotions, thus having a real impact on PA in the short term. Therefore, the key Node to verify the effectiveness of this signal will be the next week. As long as this market belief persists, it may translate into real buying momentum, further influencing the market’s trading direction. Although the correlation between this indicator and BTC price is unstable in the long term, like most trading tools, as long as it remains profitable, it holds a certain value.’