Matrixport: Bitcoin buying has shifted from institutions to retail investors, which will reduce reliance on macro data

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Odaily2024/07/15 07:35

By:Odaily

Odaily News Matrixport released its latest report: The spot Bitcoin ETF ended a week of trading with an inflow of $310 million last Friday, the highest level in more than a month. Previously, ETF fund flows were closely related to inflation data, and last weeks CPI data was weaker than expected, and ETF funds may continue to flow in. It is worth noting that institutional buying, initially driven by high arbitrage opportunities, has shifted to retail investors who are less sensitive to stop losses. This shift may allow buying activity to last longer, thereby reducing dependence on macroeconomic data.

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