Matrixport: New capital inflows indicate that Bitcoin is expected to break through $100,000

Matrixport shared its market analysis today, stating that the liquidity in the cryptocurrency market has improved recently, with new funds beginning to flow into the market, presenting a positive change in the overall environment. After two months of consolidation and slight gains, we are starting to see preliminary positive signs of the conversion from fiat to cryptocurrency.

If this trend continues, it should not be difficult for Bitcoin to break through the $100,000 mark. Although it is still in the early stages, the surge in fund inflows in October and November last year also drove a strong rebound in the early stages. Given the current signs of fund warming, traders should closely monitor relevant data.