This research report by Martrix is ​​so confusing that it is hard to imagine that it was written by a regular practitioner from a regular financial institution. Here are some excerpts:

1/ The standard for judging whether a trader is good or bad is how much money they make when their judgment is correct and how much they lose when they are wrong.

2/ All of our views are supported by data, balabala, but we can’t get any data on the upcoming ETF approvals

3/ The U.S. Securities and Exchange Commission (SEC) will approve a Bitcoin spot ETF in the U.S. a decade after rejecting it, and its discount has been reduced to -8%, indicating a 92% chance of pricing approval

ps: According to this logic, if gbtc has a premium of 1%, the possibility of pricing approval is 101%?