Summary
- Matrixport analyzed that the cryptocurrency market is demanding a bigger upside catalyst.
- Despite the White House's cryptocurrency summit and the U.S. strategic reserve of Bitcoin, they noted that funding rates remain at low levels.
- They reported that Bitcoin needs a stronger catalyst to rise further in the future.
Analysis suggests that the cryptocurrency market is demanding a bigger upside catalyst.
On the 9th (local time), Matrixport stated via X, "Despite the White House's cryptocurrency summit and the U.S. strategic reserve of Bitcoin, the funding rates for cryptocurrency perpetual futures remain at low levels," adding, "This is in stark contrast to the funding rate surges seen in April and December last year."
They continued, "Even momentum related to President Trump's inauguration failed to capture retail investors' interest," and stated, "Bitcoin will need a stronger catalyst to rise further in the future."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
