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.
You may also like
Do you want to buy CRCL?
Wosh: Inflation has cooled in recent weeks, AI is reshaping the economy, and forward guidance has lost its necessity
The most secretive AI winner
Former ByteDance employee's account: How I started with two Pinduoduo hard drives and made six times the profit with Seagate to achieve financial freedom?
MiCA reshuffle begins, Binance temporarily bids farewell to the EU
How does Gate redo "buying and selling stocks" from the cryptocurrency world to the stock market?
Visa and Mastercard join 140 giants to launch a new stablecoin, but the impact on the market landscape may still be limited
Circle CEO responds to OUSD's challenge: Stablecoins are a winner-takes-all business, and we will not slow down
Argentina vs Cape Verde: When a Record-Breaking Legend Meets an Unbreakable Underdog
WEEX exclusive pre-match analysis of Argentina vs Cape Verde, exploring Messi-led Argentina’s dominance and Cape Verde’s historic defensive breakout, with a breakdown of volatility, structure, and match dynamics.