Matrixport: Bitcoin Rally Restrained Due to Funding and Seasonal Factors
BlockBeats News, August 26th, Matrixport released its daily chart analysis, stating, "Most institutional funds have exited the summer, but Ethereum still attracts inflows, while Bitcoin ETF may see net outflows for the fifth consecutive month. This month's outflow is estimated to be about $1.2 billion, the second highest in history, only behind February's $3.5 billion. Seasonal factors may be temporary, but they remind us: Fund flows are equally important as seasonality."
"After maintaining a bullish stance in July, we turned cautious in August. Although macro and liquidity factors may still support Bitcoin, the current market still needs to remain vigilant."
You may also like
Gainers
Latest Crypto News
「Top ZEC Short Position on Hyperliquid」 ZEC Short Turns from Loss to Profit, Account Records Nearly $15 Million in Unrealized Gains
Crypto Faces "Black December" as Bank of Japan Hawkish Comments Could Be Catalyst for Recent Sell-off
Sony Bank to Issue US Dollar-Backed Stablecoin in the United States
WSJ: Investments Tied to Trump Falter Since His Return to the White House
Spot Gold Breaks $4250/oz, Rises 0.76% Intraday
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]