According to the latest report from the crypto financial platform Matrixport, key factors contributing to Bitcoin's upcoming bull cycle are becoming increasingly clear. The report indicates that despite positive developments, market activity remains subdued.
Current Situation in the Bitcoin Market
The Matrixport report points out that despite increased capital inflows to Ethereum ETFs and growing institutional investor interest, the market enthusiasm has yet to manifest wholly. In particular, current funding rates have only reached 15%. Historically, August and September have been weak months for Bitcoin.
Factors Supporting Growth
The report notes that uncertainties in US fiscal policy continue to support assets like Bitcoin. In particular, former President Donald Trump's proposed $5 trillion debt limit increase plan has recently caused the US Treasury debt stock to grow by more than 10%.
Outlook and Conclusion
Matrixport emphasizes that Bitcoin may act as a hedge against such macroeconomic developments and warns of the need for closely monitoring capital movements in future pricing decisions.
Thus, the Matrixport report demonstrates that despite current market challenges, several factors could trigger new growth for Bitcoin in the future.
