Matrixport: Bitcoin ETF attracts more than $45 billion, but the market faces hidden selling pressure

Odaily News Matrixport released its latest weekly report, pointing out that Bitcoin ETFs have attracted more than $45 billion in capital inflows, with stable corporate allocation demand and growing institutional interest. However, despite the strong capital attraction of ETFs, there is still a hidden selling risk in the market, especially when the price of Bitcoin is close to the average holding cost of retail investors in the past year (about $45,000), potential selling pressure appears, which may pose a certain resistance to the rise.
The report also pointed out that since some funds have been in a loss-making state since they flowed into the Bitcoin ETF in Q2 2024, the market structure adjustment may continue in the short term. The key lies in whether Bitcoin can break through the existing range and drive a new round of funds into the market.