Matrixport: Futures cool down while Bitcoin ETF remains stable, the market is waiting for new catalysts
Matrixport stated on social media that by mid-December 2024, the inflow of funds into Bitcoin ETFs and open interest in Bitcoin futures both reached around $35 billion. Subsequently, futures positions fell sharply, while Bitcoin ETF fund flows remained relatively stable.
This indicates that short-term traders are exiting, potentially selling their chips to long-term investors. Currently, funding rates and market trading volumes are low, and unless new macro catalysts emerge, the likelihood of significant growth in Bitcoin ETF funds is small.
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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