Matrixport: The Market Faces Hidden Selling Pressure as Institutional Capital Becomes the Dominant Force
According to a report by Jinse Finance, the latest weekly report from Matrix on Target shows that Bitcoin ETFs have attracted over $45 billion in cumulative inflows, with an average monthly scale of $2.6 billion and net inflows recorded in 77% of the months. However, the price of Bitcoin has stalled around $105,000. The report points out that the market is facing hidden selling pressure, with institutional funds becoming the dominant force, while retail participation has noticeably declined at higher price levels. Analysts believe that Bitcoin is gradually shifting from a transactional use case to a store of value, and that future price trends at this critical level will determine the overall market direction.
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.
You may also like
Today's Fear and Greed Index remains at 28, indicating a level of fear.
"1011 Insider Whale" closed a 5x short position of 5,000 ETH, earning approximately $55,000 in profit.
ETH ICO address transfers nearly $120 million worth of ETH to a new wallet after 10 years
