Matrixport: Without the support of major cryptocurrency IPOs, cryptocurrency concept stocks may further consolidate in the short term According to Matrixport analysis, cryptocurrency concept stocks have entered a consolidation phase after 18 months of strong gains, according to Foresight News. In the past 18 months, its cryptocurrency concept stock index has clearly outperformed Bitcoin, but with the recent pullback in stock prices of leading companies such as MicroStrategy and Coinbase Metaplanet, the index has begun to show signs of a correction. The cooling of buying after Circle's listing further confirms the lack of momentum in the new stock market. The current lack of institutional participation may reflect seasonal weakness in summer. Without the support of major cryptocurrency IPOs, prices may further consolidate in the short term.