Matrixport: The market is facing hidden selling pressure, and institutional funds are becoming the dominant force.

According to a report by Jinse Finance, the latest weekly report from Matrix on Target shows that the Bitcoin ETF has cumulatively attracted over $45 billion in fund inflows, with an average monthly scale of $2.6 billion, and 77% of the months have seen net inflows. However, the price of Bitcoin has stagnated around $105,000. The report points out that the market is facing hidden selling pressure, with institutional funds becoming the dominant force, while retail investor participation has significantly decreased at high price levels. Analysts believe that Bitcoin is gradually shifting from a transactional use to a value storage attribute, and the future price movement will determine the overall market direction at the current critical position.

BTC-2.29%
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