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Matrixport: Bitcoin Returns to All-Time High, Breakthrough Still Await New Macro Catalyst
BlockBeats News, July 8th: Matrixport released its daily analysis stating that Bitcoin returned to a high point, but the momentum of stablecoin minting continues to decline. The lack of new liquidity injected into the market may be a key reason why Bitcoin has not been able to achieve an effective breakthrough. From on-chain data, the amount of new capital inflow into the market remains limited. Considering that the summer is already a period of low trading activity, breaking the current pattern still requires new macro catalysts to drive it.
In this context, Matrixport believes that bullish investors may consider hedging potential risks through selling call options. Although there is still room for a gradual price increase, the probability of a rapid surge in the short term is low.
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