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Matrixport: Bitcoin ETF attracts over $45 billion, but market faces hidden selling pressure
Summary: Matrixport's latest weekly report reveals that Bitcoin ETFs have attracted over $45 billion in fund inflows, with stable corporate demand and continued institutional interest. Despite the strong inflow of funds into ETFs, the market still faces hidden selling pressure risks, especially when the Bitcoin price approaches the average retail investor holding cost over the past ...
Matrixport's latest weekly report reveals that Bitcoin ETFs have attracted over $45 billion in fund inflows, with stable corporate demand and continued institutional interest. Despite the strong inflow of funds into ETFs, the market still faces hidden selling pressure risks, especially when the Bitcoin price approaches the average retail investor holding cost over the past year (around $45,000), potential selling pressure may emerge, posing a certain resistance to further increases. The report also notes that some funds that flowed into Bitcoin ETFs in Q2 2024 are still in a loss position, and short-term market structure adjustments or extensions are key to whether Bitcoin can break through the current range and drive a new round of fund inflows.
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Link: Matrixport: Bitcoin ETF attracts over $45 billion, but market faces hidden selling pressure [Copy]
