Matrixport: Traders' attention shifts to stock market rhythms, and incremental funds from ETFs may become a driving force for Bitcoin's rise

ChainCatcher message, the encrypted financial service platform Matrixport pointed out in a post on platform X that Bitcoin is testing recent resistance levels, but the market reaction is relatively tepid. Although ETF funds continue to flow in and U.S. 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 become quieter, and such consolidation patterns are not uncommon during this time of year. Meanwhile, market expectations regarding Federal Reserve policy are also changing. As more officials begin to question whether the inflation brought by tariffs is sustainable, expectations for interest rate cuts are rising, and the Fed's stance 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 U.S. stocks 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 rallies.