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Matrixport: Summer consolidation may come to an end, and Bitcoin is expected to usher in a new round of market

Source: golden
According to Golden Finance, Matrixport released a weekly report saying that Bitcoin has experienced the longest consolidation period in recent years this summer, and the market's sensitivity to price fluctuations has weakened. At the same time, new changes have occurred in capital flow and position structure: traditional wallets continue to sell, and as exchange balances decline, large positions have quietly restarted their buying. In the options market, there is a strong demand for downward protection, and the overall sentiment is obviously inclined to panic. Under the multiple influences of the Federal Reserve meeting, inflation data and fiscal risks, market volatility may heat up again. The key lies in whether mainstream positions can adapt to the next round of Bitcoin.
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