Matrixport: The crypto market awaits greater positive catalysts, while retail interest remains sluggish
ChainCatcher news, Matrixport's latest report analysis believes that the White House crypto summit and the confirmation of the U.S. strategic Bitcoin reserves failed to ignite market sentiment, and the crypto market did not show a significant increase, with perpetual contract funding rates still hovering at single-digit levels.
This indicates that retail investors' enthusiasm remains low, in stark contrast to April and December 2024, when funding rates soared to double-digit highs.
Even the market momentum brought by Trump's official inauguration is relatively subdued, clearly indicating that Bitcoin needs more influential catalysts to usher in a new round of increases.
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