Matrixport: Bitcoin is attempting to break through the downward trend, and the arbitrage selling pressure is nearing its end

ChainCatcher message, Matrixport released today's chart, showing that Bitcoin is attempting to break through the downward trend, benefiting from the Federal Reserve's slightly dovish stance and Trump's suggestion of a more targeted approach to tariffs. Compared to the past few weeks, these changes provide a more constructive environment for the market.

Additionally, as the end of the quarter approaches, the selling pressure from arbitrage funds is easing, due to persistently low funding rates and the fact that most of the selling has nearly come to an end. Although the current catalysts are not sufficient to support Bitcoin in reaching a new all-time high, the market outlook has significantly improved.