Opinion: In the absence of retail investors following up, the sustainability of Bitcoin's rally is in doubt

PANews reported on May 26 that Matrixport published an analysis saying: "Bitcoin continues to hit new historical highs, but market sentiment remains rational. We have observed that trading volume has not increased significantly and funding rate fluctuations have been relatively stable. In the absence of retail investors following up, whether Bitcoin's rise is sustainable remains to be seen. We have been firmly bullish since mid-April, and Bitcoin's performance has confirmed our judgment. However, if we want to continue the current momentum, it may require broader capital participation and markets. At this stage, it may be wise to lock in profits appropriately."

Share to:

Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
6 hour ago
6 hour ago
8 hour ago
11 hour ago
13 hour ago
13 hour ago

Popular Articles

Industry News
Market Trends
Curated Readings

Curated Series

App内阅读