TechFlow, April 18 — The latest Matrix on Target weekly report shows that since the U.S. launched spot Ethereum ETFs, Ethereum's dominance has dropped by nearly 50%. The report notes that over the past year, various altcoin narratives have emerged and quickly faded, all displaying a pyramid-like price structure of "sharp rise followed by steep decline." Analysis suggests Bitcoin may remain in the $80,000 to $90,000 range in the short term, while the likelihood of a broad altcoin rally remains low unless one of three liquidity catalysts emerges: dovish signals from the Federal Reserve, growth in stablecoins, or improved macro liquidity. The report also highlights that, unlike previous bear markets, Bitcoin's regulatory risk has significantly decreased, explaining its stronger performance during the current correction phase compared to prior cycles.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
