Matrixport: The Current Bitcoin Rally May Continue with Low Retail Participation

Matrixport stated on Platform X that Bitcoin is approaching its all-time high, but surprisingly, most market traders still seem unprepared. Implied volatility is near multi-year lows, and funding rates are only slightly positive, indicating a significant decline in retail leverage in recent months. Contrary to our earlier expectations, this round of Bitcoin's rise may continue with low retail participation, currently more dominated by long-term Bitcoin holders.