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Matrixport: Bitcoin Rally Limited by Funding and Seasonal Factors
Summary: Matrixport's daily analysis indicates that Bitcoin ETF is expected to see a net outflow of around $1.2 billion this month, the second highest level in history, only behind February's $3.5 billion. Institutional funds are mostly leaving the market in the summer, with Ethereum still attracting inflows while Bitcoin ETF has been in a net outflow ...
Matrixport's daily analysis indicates that Bitcoin ETF is expected to see a net outflow of around $1.2 billion this month, the second highest level in history, only behind February's $3.5 billion. Institutional funds are mostly leaving the market in the summer, with Ethereum still attracting inflows while Bitcoin ETF has been in a net outflow state for five consecutive months. Analysts point out that while seasonal factors are short-term phenomena, fund flows are equally important. Although macroeconomic conditions and liquidity factors may continue to support Bitcoin, market participants should remain cautious.
