Matrixport says Bitcoin has returned to its highs, but a new macro catalyst is still needed to break through

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According to ChainCatcher's report, Matrixport released an analysis today stating that although Bitcoin's price has returned to high levels, the stablecoin minting volume continues to decline, with limited new capital inflows to the market. The report suggests that current liquidity insufficiency is one of the key factors hindering Bitcoin's effective breakthrough, especially during the traditional low trading season of summer, and the market needs new macroeconomic catalysts to break the current stalemate.

Matrixport recommends that bullish investors consider hedging potential risks by selling call options, and points out that while prices may continue to rise slowly, the probability of a rapid price surge in the short term is relatively low.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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