Analysis: Retail participation in the crypto market remains low, and even a Fed rate cut is unlikely to drive a sustainable rise.

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 peaks of December 2023 and 2024: daily trading volume reached billions of dollars then, 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.