Matrixport issued a market view saying that from a technical point of view, this round of pullback has approached the cost-effective range. The RSI recently dropped to 35. According to historical experience, technical buying near this level has become active, and the sustainability remains to be verified by macro catalysis. Short-term catalysts include: the US government shutdown is expected to be resolved this week, and Trump's hint that he may issue a "stimulus check" of about $2,000 to the public, reminiscent of the retail boom driven by checks in 2020-2021.
Overall judgment, in the context of the net outflow of ETFs in the past week and the wait-and-see of institutions, the rebound is limited; it is difficult to drive the trend reversal alone with the above catalysis, and it still needs to be verified by the resonance of capital and fundamentals.
Matrixport: ETF fund flows are cautious, and the sustainability of bitcoin's rally remains to be verified
2025-11-10 05:07:58
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