Matrixport: Bitcoin's upward momentum is limited by funding and seasonal factors

ChainCatcher news, August 26, Matrixport released its daily analysis indicating that Bitcoin ETFs are expected to see a net outflow of approximately $1.2 billion this month, marking the second-highest level in history, only behind February's $3.5 billion. Most institutional funds have withdrawn from the market during the summer; although Ethereum continues to attract inflows, Bitcoin ETFs have experienced net outflows for five consecutive months.

Analysts point out that while seasonal factors are a short-term phenomenon, the direction of funds is equally important as seasonality. Although macroeconomic conditions and liquidity factors may continue to support Bitcoin, market participants should remain cautious.