Matrixport: New capital inflow suggests BTC is likely to break through $100,000

ChainCatcher message, Matrixport shares its market analysis for today, indicating that the liquidity in the cryptocurrency market has improved recently, with new funds starting to flow into the market, showing a positive change in the overall environment. After two months of sideways consolidation and slight increases, we are beginning to see initial positive signs of conversion from fiat to cryptocurrency.

If this trend continues, a BTC breakout above the $100,000 mark should not be difficult. Although we are still in the early stages, the surge in fund inflows in October and November of last year also drove the previous strong rebound. Given the current signs of warming funds, traders should closely monitor the relevant data.