ChainCatcher message, Matrixport’s analysis states that the inflow of funds into Bitcoin ETFs has significantly slowed down, mainly due to the narrowing of the market basis.
The report points out that retail participation remains low, and trading volume data from the Korean crypto market shows that retail buying demand is not obvious. Due to the lack of incremental buying support, the funding rate for perpetual contracts has remained low for a long time, which compresses the profit space of basis trading (cash-and-carry arbitrage), limiting the inflow of incremental funds into Bitcoin ETFs. Analysts believe this confirms the March 2024 judgment: without retail-driven spot-futures spread movement, institutional capital allocation cannot accelerate, leading to an extended consolidation phase.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC Breaks Through 70,000 USDT
Gate News bot message, Gate market data shows BTC has broken through 70000 USDT, current price 70010.6 USDT.
CryptoRadar11m ago
BTC Falls Below $69K Amid Iranian and Qatari Gas Field Strikes
Bitcoin dropped below $69,000 amid a global sell-off fueled by rising Middle East tensions and soaring energy prices. This led to significant liquidations in leveraged positions and a decline in the overall crypto market.
Coinpedia21m ago
2013 Dormant Whale Offloads 3,500 BTC Worth $442 Million, BTC Price Under Pressure
On March 19, a Bitcoin whale sold 3,500 BTC, triggering bearish market sentiment. A total of 44,459 BTC flowed into exchanges that day. Bitcoin's price was around $69,500, with analysts predicting a potential test of the $64,000 support level. Capital is also shifting toward new infrastructure projects.
GateNews25m ago
Bitcoin Enters DeFi Era as Hashi Builds on Sui Blockchain
_Hashi launches on the Sui blockchain to bring Bitcoin lending, yield, and DeFi services with support from BitGo, Bullish, and FalconX institutions._
A new finance protocol called Hashi plans to bring Bitcoin into decentralized finance. The project is being built on the Sui blockchain.
LiveBTCNews35m ago
Bitcoin Rejects $76K as War and PPI Rock Markets
_ Bitcoin rejected $76,000 resistance as US strikes on Iran, hot PPI at 3.4%, and Powell’s FOMC tone sent crypto and risk assets into a sell-off._
Bitcoin hit $76,000 and turned back around. The rejection was clean. Sellers were waiting right at the level that traders had marked for
LiveBTCNews43m ago
