Matrixport: August and September may be periods of weak BTC trends, with a short-term potential for consolidation.

Odaily News Matrixport released its latest report indicating that the core catalysts for Bitcoin’s new round of rise are gradually emerging. Despite the favourable information surrounding Ethereum (such as ETF funding inflows, increased institutional allocations, and the SEC potentially allowing staking mechanisms), the funding rate has only risen to 15%, showing that market enthusiasm has not yet been fully released. The report also notes that August and September have historically been relatively weak months for Bitcoin’s performance throughout the year. With the latest FOMC meeting concluded, the next meeting will be held on September 17, and in the short term, the lack of policy catalysts may lead the market to adopt a wait-and-see approach, entering a sideways consolidation phase. In addition, Matrixport mentioned that uncertainty in the U.S. Treasury remains the core driving force for the rise of hard assets. Recently, Trump’s proposed $5 trillion debt ceiling expansion plan has caused a surge in U.S. Treasury balances by over 10%. Bitcoin, as a hedging tool, is benefiting from this macro change, and future trends will still need to pay attention to changes in capital flow.