Analysis company explains why Bitcoin's outbreak looks different this time

According to a report by the crypto research and investment company Matrixport, the increase in Bitcoin to a new all-time high runs on July 11th, unlike earlier relaxation.

The company argues that the rally is primarily driven by institutional tributaries in spot ETFs, and not through speculative retail activities or externally financed trading.

In his latest Message Matrix on Target emphasizes Matrixport that $ 49 billion has flowed into Bitcoin-Spot ETFs since the laying on in January 2024, with the dynamics have accelerated since mid-April. The company assumes that this persistent ETF demand in conjunction with low financing rates and a reserved participation of retail indicates a fundamentally healthier upward trend.

“In contrast to previous outbreaks, this movement has a minimal leverage and limited foam formation in retail,” the report says. The open interest increases steadily, but without the aggressive financing peaks that are typically associated with overheated markets.

Matrixport also refers to the macroeconomic tailwind. Inflation has been limited despite customary fears, with the latest consumer price indices being or below 2.4%. In the meantime, the Federal Reserve seems to tend to reduce interest, possibly as early as September. According to the FOMC protocol, Bitcoin rose by 2%after there were signs of a dovish swivel at the Juni meeting.

Another important catalyst could come from Washington. Matrixport notes that the Genius Act – a legislation that could redesign the regulation of digital assets – move quickly through the congress. In combination with the historically interest -bullish seasonality of July, these developments are a rare convergence of positive factors.

Matrixport comes to the conclusion that this outbreak stands out from previous relaxation, since it is powered by long -term demand demand and not by foreign speculations. Since important political signals and VPI data are still standing, the company believes that the market has not yet fully priced in the upward trend.

Alexander has been working in the crypto industry for three years and has made a name for himself during this time through his active participation in observing the market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional obligation, but a deep personal passion. He follows the news from the industry every day, analyzes trends and is enthusiastic about every new step in the development of blockchain solutions. His enthusiasm drives him to constantly learn and share his knowledge because he sees the future in the digital financial world and its role in global transformation.