According to ChainCatcher's message, the latest report from Matrixport analyzes that the White House crypto summit and the confirmation of the US strategic Bitcoin reserve have failed to ignite market sentiment, and the crypto market has not seen a significant uptrend, with the perpetual contract funding rate still hovering around single-digit levels.
This indicates that the enthusiasm of retail investors remains low, in stark contrast to April and December 2024, when the funding rate had soared to double-digit highs.
Even the market momentum brought by Trump's formal inauguration has been relatively muted, clearly indicating that Bitcoin needs a more impactful catalyst to usher in a new round of uptrend.
