Matrixport: August and September may be periods of weak Bitcoin performance, and a short-term consolidation phase may be entered

ChainCatcher news, Matrixport released the latest report indicating that the core catalysts for the new round of Bitcoin price increase are gradually emerging. Although there have been positive developments in Ethereum (such as ETF fund inflows, increased institutional allocations, and the SEC potentially allowing staking mechanisms), the funding rate has only risen to 15%, showing that market enthusiasm has not yet been fully released.

The report also pointed out that August and September have historically been relatively weak months for Bitcoin's performance throughout the year. With the latest FOMC meeting concluded, the next meeting will be held on September 17, and in the short term, the lack of policy catalysts may lead the market to adopt a wait-and-see approach, entering a consolidation phase.

In addition, Matrixport mentioned that the uncertainty in U.S. fiscal policy remains a core driving force for the rise of hard assets. Recently, Trump's proposed $5 trillion debt ceiling expansion plan has caused the U.S. debt balance to surge by over 10%. Bitcoin, as a hedging tool, is benefiting from this macro change, and future trends will still need to pay attention to changes in capital flows.