Matrixport: Bitcoin Rally Limited by Capital and Seasonal Factors
According to ChainCatcher, on August 26, Matrixport released its daily analysis stating that Bitcoin ETFs are expected to see a net outflow of approximately $1.2 billion this month, marking the second highest level in history, surpassed only by February’s $3.5 billion. Most institutional funds have exited the market during the summer, and while Ethereum continues to attract inflows, Bitcoin ETFs have experienced net outflows for five consecutive months.
Analysts pointed out that although seasonal factors are a short-term phenomenon, fund flows are equally important as seasonality. Despite the possibility that macroeconomic conditions and liquidity factors may continue to support Bitcoin, market participants should remain cautious.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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