Matrixport: BTC May Need Broader Capital Participation to Sustain Uptrend

Matrixport released today's chart analysis stating, "Bitcoin continues to reach new all-time highs, yet market sentiment remains rational. We observe that trading volume has not significantly increased, and funding rate fluctuations are relatively stable. In the absence of retail investor follow-up, whether Bitcoin's upward trend is sustainable remains to be seen. Since mid-April, we have been firmly bullish, and Bitcoin's performance has confirmed our judgment. However, to maintain the current momentum, broader capital participation in the market may be necessary. At this stage, it might be wise to take some profits."