Express
Matrixport: Bitcoin Returns to High Point, Breakthrough Still Awaits New Macro Catalysts
Summary: Matrixport reported that Bitcoin has returned to a high point, but the momentum of stablecoin minting continues to decline. The lack of new liquidity injected into the market may be one of the key reasons why Bitcoin has not been able to achieve an effective breakthrough. On-chain data shows that the influx of new capital ...
Matrixport reported that Bitcoin has returned to a high point, but the momentum of stablecoin minting continues to decline. The lack of new liquidity injected into the market may be one of the key reasons why Bitcoin has not been able to achieve an effective breakthrough. On-chain data shows that the influx of new capital into the market remains limited. Considering the traditionally low trading volume in the summer, breaking the current pattern still requires new macro catalysts to drive it. In this context, Matrixport suggests that bullish investors may consider hedging potential risks by selling call options. Although there is still room for gradual price increases, the probability of rapid surges in the short term is low.
Tags:
Link: Matrixport: Bitcoin Returns to High Point, Breakthrough Still Awaits New Macro Catalysts [Copy]
