Matrixport believes that the bullish scenario for BTC remains intact and that the asset has a stable buyer. This is stated in the company's new report.

Recall that several weeks prior, the company, which successfully predicted the rise of BTC in April-May, expressed concerns about the prospects for further growth.

Currently, analysts note that over the past eight weeks, Bitcoin ETFs have attracted an additional $11.2$ billion, but they add that the price of #BTC has only increased by 10% at the moment. Such modest movement, according to #Matrixport, may indicate that other market participants are selling the asset or becoming more active after a prolonged period of waiting.

Speaking about the presence of a stable buyer through Bitcoin ETFs, analysts note:

"... Although buyers change, we hardly observe consistent outflows from these funds. While the purchase rate of MicroStrategy is currently lower than during the surge in Trump's elections, stable inflows continue to support price growth..."

The company's report was released before today's active decline in the price of BTC, but overall - it is unlikely to change their outlook on the asset - no critical breaks for continued growth have been observed so far.