Matrixport: The crypto market is waiting for bigger positive catalysts, retail investors' interest remains sluggish
Golden Finance reports that Matrixport stated in its latest report that the White House crypto summit and confirmation of US strategic Bitcoin reserves failed to ignite market sentiment, with no significant uptick in the crypto market and perpetual contract funding rates still hovering at single-digit levels. This indicates that retail investor enthusiasm remains low, contrasting sharply with April and December 2024 when funding rates 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, a more influential catalyst is still needed.
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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