Matrixport says Bitcoin's return to highs requires waiting for new macro catalysts

ChainCatcher message, Matrixport released today's analysis stating that although the Bitcoin price has returned to a high point, the minting volume of stablecoins continues to decline, and the influx of new capital into the market is limited. The report believes that the current lack of liquidity is one of the key factors hindering Bitcoin's effective breakthrough, especially against the backdrop of the traditional summer trading lull, where the market needs new macro catalysts to break the deadlock.

Matrixport suggests that bullish investors may consider hedging potential risks by selling call options and points out that although prices may still rise slowly, the probability of a rapid surge in the short term is relatively low.