Matrixport: Futures cool down, while Bitcoin ETFs remain stable, and the market awaits new catalysts

ChainCatcher news, Matrixport released today's chart stating that by mid-December 2024, the inflow of Bitcoin ETF funds and the open interest of Bitcoin futures contracts will both reach approximately $35 billion. After that, futures positions significantly declined, while the inflow of Bitcoin ETF funds remained relatively stable.

This indicates that short-term traders are exiting, possibly selling their positions to long-term investors. Currently, both the funding rate and market trading volume are low, and unless new macro catalysts emerge, the likelihood of significant growth in Bitcoin ETF funds is relatively small.