TechFlow reports, according to Matrixport, macro headwinds could delay the Bitcoin bull market, and coping with inflationary pressures may be extremely challenging. Crypto investors need ample patience, as macro drivers will only turn slowly. Investors should closely monitor Federal Reserve Chair Powell’s monthly or biquarterly speeches, along with various monthly inflation data, to regain confidence in the recovery of the bull market.
Meanwhile, as Matrixport mentioned weeks ago, key liquidity drivers such as stablecoin growth and inflows into U.S.-listed Bitcoin ETFs have slowed. ETF flows peaked on March 12 and have seen net outflows for the past four consecutive days.
Matrixport stated in the report that it still believes the Bitcoin bull market will recover, but before re-establishing a new upward trend, a decline may occur.
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