Matrixport: Traders' attention shifts to the pace of the stock market, and the incremental funds brought by ETFs may become a driving force for Bitcoin's rise

Matrixport, a cryptocurrency financial service platform, analyzed on X platform that Bitcoin is testing its recent resistance level, but the market response is relatively cold. Although ETF funds continue to flow in and US stocks have reached new highs driven by retail investors, Bitcoin's upward momentum is still limited and its trend is weak. After entering summer, market activity tends to be sluggish, and such consolidation is not uncommon in the same period of previous years. At the same time, market expectations for Federal Reserve policies are also changing. As more officials begin to question the sustainability of the inflationary rain brought about by tariffs, expectations of interest rate cuts are heating up, and the Federal Reserve's attitude is gradually turning dovish. In this context, traders' attention may no longer be fixated on the progress of tariff negotiations, but instead shift towards keeping up with the pace of the stock market. The strong performance of the US stock market has become a barometer, and the incremental funds brought by ETFs on Wall Street may become an important driving force for the new round of Bitcoin's rise.