Matrixport: The Bitcoin Bull Market May Continue with Reduced Retail Participation

ChainCatcher message, Matrixport released today's chart analysis stating, "Bitcoin is about to reach an all-time high, but most cryptocurrency traders seem unprepared. Implied volatility is at a multi-year low, and the funding rate is only slightly positive, all of which clearly indicate that retail leveraged trading has significantly decreased in recent months.

This round of the Bitcoin bull market seems to be continuing in the absence of retail participation. Unlike our initial expectation that global adoption would drive prices up, the current situation shows that long-term investors are accumulating and holding Bitcoin."