Matrixport\u2019s latest analysis suggests that the conclusion of the corporate buying window has slowed institutional inflows, a factor that previously helped propel prices upward. The firm notes that current market behavior aligns with historical seasonal trends\u2014where summer months often see weakened trading activity and increased volatility.<\/p>\n
Adding to this cautious sentiment is Bitcoin\u2019s repeated failure to decisively breach the $122,000 resistance level. The report highlights that technical indicators are softening, and with institutional demand cooling, the market lacks the fuel needed for another immediate rally.<\/p>\n
Still, the long-term backdrop remains promising. Matrixport emphasized the broader regulatory and policy shifts taking shape in the U.S., most notably the newly introduced GENIUS bill. This legislative package, aimed at boosting blockchain-based finance, supporting Treasury bonds, and advancing a digital dollar, signals a shift toward a more crypto-supportive regulatory climate.<\/p>