Matrixport 发文分析表示，比特币 ETF 资金流入放缓的主要原因是基差收窄。过去一年散户参与度始终不高（以韩国市场成交量为观察指标），导致市场缺乏增量买盘支撑，永续合约资金费率长期维持在低位。资金费率偏低压缩了基差交易（期现套利）的收益空间，进而限制了比特币 ETF 的增量流入，使其只能维持在相对温和的水平。

<div>Matrixport 发文分析表示，比特币 ETF 资金流入放缓的主要原因是基差收窄。过去一年散户参与度始终不高（以韩国市场成交量为观察指标），导致市场缺乏增量买盘支撑，永续合约资金费率长期维持在低位。资金费率偏低压缩了基差交易（期现套利）的收益空间，进而限制了比特币 ETF 的增量流入，使其只能维持在相对温和的水平。<br><br></div>

Matrixport：比特币 ETF 资金流入放缓的主要原因是基差收窄

Matrixport's analysis indicates that the main reason for the slowdown in Bitcoin ETF inflows is the narrowing basis. Retail investor participation has remained consistently low over the past year (as evidenced by trading volume in the South Korean market), resulting in a lack of incremental buying support and keeping perpetual contract funding rates low for an extended period. These low funding rates compress the profit potential of basis trading (spot-futures arbitrage), thus limiting incremental inflows into Bitcoin ETFs and keeping them at a relatively moderate level.

<div>Matrixport&#39;s analysis indicates that the main reason for the slowdown in Bitcoin ETF inflows is the narrowing basis. Retail investor participation has remained consistently low over the past year (as evidenced by trading volume in the South Korean market), resulting in a lack of incremental buying support and keeping perpetual contract funding rates low for an extended period. These low funding rates compress the profit potential of basis trading (spot-futures arbitrage), thus limiting incremental inflows into Bitcoin ETFs and keeping them at a relatively moderate level.<br><br></div>

Matrixport: The main reason for the slowdown in Bitcoin ETF inflows is the narrowing basis.

Original Author: He Hao, Wall Street Insights

On Thursday, US stocks plunged, with the Nasdaq falling over 2%. Some traders sold precious metals to offset losses in the stock market, causing gold, silver, copper, platinum, and palladium to decline sharply. The US dollar index rose slightly.

Amid renewed concerns about whether massive investments in artificial intelligence can truly be implemented on a large scale, US tech stocks declined. Metal prices suddenly fell due to suspected algorithmic trading selling, forcing some investors to exit commodity positions, including metals, to obtain liquidity, while some funds turned to US Treasury bonds for safety.

Spot gold fell as much as 4.1%, and silver plummeted 11...

Gold fell more than 4% at one point, and silver plummeted 11%, as a sharp drop in US stocks triggered a sell-off in algorithmically traded precious metals.

This trader made a total of 48 predictions of market movements within 15 minutes, earning a net profit of $80,000 in one day.

Earning $80,000 a day, this top player treats Polymarket like an ATM.

Written by: Mahe, Foresight News
Solana, one of the most successful public blockchains, is also facing a winter.
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