On July 8, Matrixport released today's analysis stating that Bitcoin has returned to its peak, but the momentum for stablecoin issuance continues to decline. The lack of new liquidity injected into the market may be one of the key reasons why Bitcoin has failed to achieve a significant breakthrough. From on-chain data, the influx of new capital into the market remains limited. Considering that summer is typically a period of low trading activity, breaking the current pattern will still require new macro catalysts to drive it. In this context, Matrixport believes that bullish investors may consider hedging potential risks by selling call options. Although there is still room for prices to rise gradually, the probability of a rapid surge in the short term is relatively low.
