PANews reported on March 10 that according to the latest report from Matrixport, despite the recent attention paid to the White House Crypto Summit and the confirmation of strategic Bitcoin reserves, the crypto market has not seen a significant rise. The perpetual contract funding rates for Bitcoin, Ethereum, and Solana remain in the single digit, indicating that retail investors’ interest remains low.

The report pointed out that this phenomenon is in sharp contrast to April and December 2024, when the funding rate soared to double-digit highs. In addition, even the market momentum brought by Trump's official inauguration was relatively flat, indicating that Bitcoin still needs a more influential catalyst if it wants to usher in a new round of gains.