Matrixport: ETF inflows remain cautious, sustainability of bitcoin rebound yet to be verified

Jinse Finance reported that Matrixport released a market outlook stating that from a technical perspective, the current pullback has approached a cost-effective range. The RSI recently dropped to 35, and based on historical experience, technical buying tends to become active around this level, though its sustainability still requires confirmation from macro catalysts. Short-term catalysts include: the potential resolution of the US government shutdown this week, as well as Trump hinting at the possibility of issuing "stimulus checks" of about $2,000 to the public, which reminds the market of the retail frenzy driven by checks in 2020-2021. Overall, considering the net outflow of ETFs in the past week and the temporary wait-and-see attitude of institutions, the rebound is likely to be limited; the above catalysts alone are unlikely to drive a trend reversal, and confirmation from both capital flows and fundamentals is still needed.