Matrixport: Futures cool down, while Bitcoin ETF remains stable, the market quietly awaits new catalyst
Odaily Planet Daily reports that Matrixport released a chart today stating that by mid-December 2024, both the inflow of funds into Bitcoin ETFs and the open interest in Bitcoin futures contracts reached approximately $35 billion. Subsequently, futures positions fell sharply while the flow of funds into Bitcoin ETFs remained relatively stable.
This indicates that short-term traders are exiting the market, possibly selling their stakes to long-term investors. Currently, funding rates and market trading volumes are low; unless there is a new macro catalyst, significant growth in Bitcoin ETF fund inflows is unlikely.
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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