Matrixport released today's chart saying that as the total market capitalization fell from $2.70 trillion to $2.30 trillion, the daily trading volume of cryptocurrencies also fell from $180 billion to $50 billion. There is a saying in traditional finance, "Don't short a down market", because a little momentum can push prices up. This may also apply to crypto markets, as during the summer downturn, the market could experience an explosive rally due to multiple possible stimuli (e.g. Federal Reserve interest rate cuts, US Presidential Elections, etc.).