According to BlockBeats, Matrixport's latest weekly report reveals that Bitcoin ETFs have attracted over $45 billion in investments, with stable corporate allocation demand and growing institutional interest. Despite the strong inflow into ETFs, the market faces potential hidden selling pressure, particularly when Bitcoin's price approaches the average holding cost of retail investors over the past year, approximately $45,000, which could pose resistance to further price increases.
The report also highlights that some funds that flowed into Bitcoin ETFs in the second quarter of 2024 remain at a loss. This situation may lead to continued short-term market structure adjustments. The key factor will be whether Bitcoin can break through its current range to trigger a new wave of investment.
