Matrixport: Bitcoin is attempting to break the downward trend, and arbitrage selling pressure is nearing its end
ChainCatcher News, Matrixport released a chart today showing that Bitcoin is attempting to break the downward trend, benefiting from the slightly dovish stance of the Federal Reserve and Trump's hint at adopting a more targeted strategy for tariffs. Compared with the past few weeks, these changes have provided a more constructive environment for the market.
In addition, as the end of the quarter approaches, selling pressure from arbitrage funds is easing due to persistently low funding rates and most sell-offs are nearing their end. Although current catalysts are not enough to support Bitcoin in setting new historical highs, market prospects have significantly improved.
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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