Matrixport: Wall Street funds may drive a new round of Bitcoin pump

Odaily News Matrixport released today's chart stating that Bitcoin is testing recent resistance levels, but the market response is relatively tepid. Although ETF funds continue to flow in and US stocks are reaching new highs driven by retail investors, Bitcoin's upward momentum remains limited, and the trend is weak. As summer approaches, market activity tends to cool down, and this type of consolidation is not uncommon during the same period in previous years. Meanwhile, market expectations for Federal Reserve policy are also changing. As more officials begin to question whether the inflation caused by tariffs is sustainable, expectations for interest rate cuts are heating up, and the Fed's attitude is gradually turning dovish. In this context, traders' attention may no longer be entangled in the progress of tariff negotiations, but instead shift to closely following the rhythm of the stock market. The strong performance of the U.S. stock market has become a barometer, and the incremental funds brought by Wall Street through ETFs may become an important driving force for a new round of Bitcoin rally.