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Matrixport: August and September may be weak periods for Bitcoin trend, short-term may enter consolidation phase
Summary: According to reports from Matrixport, the core catalyst for the new round of Bitcoin's rise is gradually emerging. Despite positive developments in Ethereum (such as ETF fund inflows, increasing institutional allocation, SEC potentially approving staking mechanisms), the funding rate has only risen to 15%, indicating that market enthusiasm has not been fully released. Historically, August ...
According to reports from Matrixport, the core catalyst for the new round of Bitcoin's rise is gradually emerging. Despite positive developments in Ethereum (such as ETF fund inflows, increasing institutional allocation, SEC potentially approving staking mechanisms), the funding rate has only risen to 15%, indicating that market enthusiasm has not been fully released. Historically, August and September have been relatively weak months for Bitcoin performance. With the latest FOMC meeting concluded and the next meeting scheduled for September 17, the lack of short-term policy catalysts may lead the market to adopt a wait-and-see approach, entering a consolidation phase. Additionally, Matrixport mentioned that the uncertainty in the US fiscal situation remains a key driver for the rise in hard assets. Trump's recent proposal to expand the debt ceiling by $5 trillion has already led to a more than 10% increase in US debt balances. Bitcoin, as a hedge tool, is benefiting from this macro change, and future trends will still need to monitor changes in fund flows.
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Link: Matrixport: August and September may be weak periods for Bitcoin trend, short-term may enter consolidation phase [Copy]
