Matrixport: The market is facing implicit selling pressure, and institutional funds are becoming the dominant force

According to the latest weekly report from Matrix on Target, the Bitcoin ETF has attracted over $45 billion in cumulative capital inflows, with an average monthly size of $2.6 billion and net inflows in 77% of months. However, the price of Bitcoin has stagnated around $105000. The report points out that the market is facing implicit selling pressure, with institutional funds becoming the dominant force, while retail participation has significantly decreased at high prices. Analysis suggests that Bitcoin is gradually shifting from a trading purpose to a value storage attribute, and the future price trend will determine the overall market trend at the current key position.