Matrixport： At present, the market capital rate and trading volume are both at a low level, and the BTC market is waiting for a macro catalyst

Matrixport's analysis today pointed out that the Bitcoin futures market has cooled down, while the inflow of Bitcoin ETF funds remains stable. As of mid December 2024, the inflow of Bitcoin ETF funds and open futures contracts have both reached approximately $35 billion. Subsequently, futures positions fell sharply, but the flow of Bitcoin ETF funds remained relatively stable, indicating that short-term traders are exiting and may sell their chips to long-term investors. At present, market funding rates and trading volumes are both at a relatively low level. Analysis suggests that unless new macro catalysts emerge, the likelihood of significant growth in Bitcoin ETF funds is relatively low.