Matrixport: Bitcoin adjustment stems from hedge fund arbitrage, not Wall Street investors

2025-02-28 17:25:41

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ChainCatcher news, Matrixport released a report stating that the recent market adjustment of Bitcoin is mainly influenced by hedge funds, rather than Wall Street investors.

The report pointed out that at least 25% of Bitcoin ETF funds are related to arbitrage trading, and as much as 55% of ETF fund inflows come from hedge funds focused on arbitrage, rather than long-term investors. Since the Federal Reserve's Open Market Committee meeting in December, the significant decline in arbitrage profit opportunities has led to a decrease in trading volume, prompting hedge funds to unwind their arbitrage positions, resulting in record outflows from Bitcoin ETFs.

The strengthening of the dollar has led to a decline in global liquidity indicators, putting downward pressure on Bitcoin prices.

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