Data: Matrixport: Bitcoin's summer consolidation may be ending, a new round of market movement is expected to begin
ChainCatcher news, according to the latest weekly report from Matrix on Target, after experiencing the longest summer consolidation period in recent years, bitcoin may usher in a new market cycle.
The report points out that there are new changes in current capital flows and position structures: traditional wallets continue to sell off, but as exchange balances decline, large holders have quietly resumed buying. The options market shows strong demand for downside protection, and overall sentiment leans toward panic. Analysts believe that under the combined influence of the Federal Reserve meeting, inflation data, and fiscal risks, market volatility may heat up again. The key lies in whether mainstream positions can follow bitcoin's next trend.
.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US September preliminary 5-10 year inflation expectations at 3.9%, higher than expected
Solana rises 16 places in global asset rankings, with a market cap approaching $130 billions
Data: Solana CME futures open interest rises to $1.87 billion, up 25.5% in three days
Glassnode: Bitcoin has strong support in the $110,000–$114,000 range, with the next resistance at $117,000.
Trending news
MoreCrypto prices
More
