Matrixport: If Bitcoin wants to continue its upward momentum, it may require broader capital participation in the market

ChainCatcher message, Matrixport released today's chart analysis stating, "Bitcoin continues to refresh its historical highs, yet market sentiment remains rational. We have observed that trading volume has not significantly increased, and the funding rate fluctuations are relatively stable.

In the absence of retail participation, whether Bitcoin's upward trend can be sustained remains to be seen.

Since mid-April, we have maintained a bullish outlook, and Bitcoin's performance has confirmed our judgment. However, to continue the current momentum, broader capital participation in the market may be necessary. At this stage, taking some profits may be a wise move."