Matrixport: The crypto market is waiting for bigger positive catalysts, retail investors' interest remains sluggish
ChainCatcher news, Matrixport's latest report analysis believes that the White House crypto summit and the confirmation of US strategic Bitcoin reserves failed to ignite market sentiment. The crypto market did not show a significant increase, and the perpetual contract funding rate still hovered at single-digit levels.
This indicates that retail investors' enthusiasm 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 about by Trump's official inauguration was relatively flat, clearly indicating that for Bitcoin to welcome a new round of increases, it still needs a more influential catalyst.
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.
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