News list for "matrix port"
According to the latest weekly report of Matrix on Target, although the price of Bitcoin continues to trade sideways in a narrow range, a number of technical indicators and market data suggest that it may be about to break through key trend line resistance and move towards a new trading range. The report notes that bitcoin ETFs have attracted around $14 billion in flows since April.
According to The Data Nerd, Matrixport withdrew 5,000 ETH worth about $13.01 million from Binance and transferred the funds to its wallet address.
According to a daily analysis published by Matrixport, in the eyes of Wall Street, Bitcoin is ideally positioned as a "non-correlated asset", which can be used to hedge against the volatility of traditional assets and can be safely recommended to institutions for allocation. However, in reality, its correlation with US stocks is still as high as 72%. Although there are some recent signs of decoupling between the two assets, it is against the backdrop of repeated innovation in US stocks...
Matrixport released a daily icon analysis saying that in Wall Street's view, Bitcoin is ideally positioned as a "non-correlated asset" - an asset that can be used to hedge against fluctuations in traditional assets and can be safely recommended to institutions for allocation. However, in reality, its correlation with US stocks is still as high as 72%. Although there are some recent signs of decoupling between the two assets, it is set against the backdrop of US stocks hitting new highs...
According to new research by independent analyst Markus Thielen, Bitcoin has historically performed well in July, rising seven times in the past decade, with an average gain of 9.1%. Even in down years, the decline was in the single digits, and in five up years, there were multiple strong double-digit rallies. The data shows that the performance of July in 2017 and 2019 was particularly outstanding, with increases of 21.5% and 23.9% respectively. There are also increases of around 18% in 2021 an...
Matrixport released a daily icon analysis saying that although Bitcoin has tried to rebound, seasonal patterns (refer to our daily chart for June 2) suggest that a sustained breakout is unlikely to happen. For this rally to remain technically valid, Bitcoin needs to remain above $105,000. However, the bigger concern lies with Ethereum, where, as we noted in our June 11 report, leveraged traders are pushing... without fundamental support.
Matrixport released a daily analysis saying that in the past 18 months, global liquidity changes have repeatedly reflected the trend of Bitcoin in advance, which is regarded as an important "leading indicator" by many investors. However, as the market structure evolves, the predictive effectiveness of this model is weakening, and it needs to be continuously verified and dynamically adjusted. The current bitcoin price remains between $105,000 and $110,000, which is basically the same as the 13-we...
Matrixport released a daily icon analysis saying that in the past 18 months, global liquidity changes have repeatedly reflected the trend of Bitcoin in advance, which is regarded by many investors as an important "leading indicator". However, with the evolution of the market structure, the predictive effectiveness of this model is weakening, and it needs to be continuously verified and dynamically adjusted. The current bitcoin price remains volatile between $105,000 and $110,000, consistent with...
According to Matrixport's daily chart analysis, bitcoin ETFs have attracted a total of $11.20 billion in new inflows over the past eight weeks, yet the price of the currency has only risen by about 10%. This lackluster rise may reflect some market participants taking advantage of the situation to sell or re-enter the market after waiting and seeing. Overall, the bullish logic still holds: the bitcoin market has formed stable buying support. Despite the changing sources of buying, ETFs have seen ...
Matrixport published a daily icon analysis saying that Ethereum's funding rate has surged to 13.7% - the highest level since February, which typically attracts inflows from Ethereum ETFs, which are often seen as a positive sign. More importantly, however, the amount of futures unpositioned squaring contracts is approaching its December 2024 peak, suggesting that leveraged futures traders rather than spot buyers are the main driver of current price action. This is related to bit...
Matrixport released a daily icon analysis saying, "Bitcoin has broken through its short-term downtrend, showing signs of a bullish breakout from the finishing triangle, a pattern typically associated with a continuation of the trend. Although we initially expected a calmer summer, the strength of this rally suggests that new money is chasing up, while tariff-related concerns are fading. Even if this week's CPI data is expected to bring some upward pressure, it is unlikely to...
Matrixport wrote on the X platform that Circle's valuation has risen to $24 billion with its blockbuster IPO, which is nearly 20 billion higher than the proposed acquisition price of Coinbase a month ago. In hindsight, the offer at that time was undoubtedly the "bottom fishing price". And the success of this IPO has undoubtedly rekindled Wall Street's enthusiasm for crypto stocks. Despite the impressive momentum, the crypto market as a whole has not shown the same level of enthusiasm. Data show ...
Matrixport released a daily analysis saying, "The new South Korean President Lee Jae-myung is actively promoting a series of cryptocurrency reform measures, explicitly supporting the legalization of spot bitcoin ETFs, the issuance of stablecoins anchored to the Korean won, and easing restrictions on institutional investors' access to the crypto market. In addition, Lee Jae-myung also plans to amend current regulations on trading platforms and form a" digital asset committee "to push...
Matrixport said in a post on the X platform that bitcoin is approaching record highs, but surprisingly, most market traders still seem unprepared. Implied volatility is near multi-year lows and funding rates are only marginally positive, indicating that retail leverage has fallen significantly in recent months. Unlike our earlier expectations, this bitcoin rally is expected to continue despite low retail participation, which is currently dominated by long-term bitcoin holders.
Matrixport shared its Market Today analysis that despite Bitcoin's near record highs, cryptocurrency trading volumes remain subdued. This could suggest that retail traders are not yet actively participating in the current rally, as seen in crypto trading volumes in South Korea, which has traditionally been dominated by retail investors. The price increase is likely to be driven more by institutional investors and corporate buyers, while retail investors remain on the sidelines. Historically, ret...
