TechFlow news, July 8 — Matrixport released its daily analysis today stating that while Bitcoin has returned to higher levels, stablecoin minting momentum continues to decline. A lack of newly injected liquidity into the market may be one of the key reasons why Bitcoin has failed to achieve a meaningful breakout. On-chain data shows that fresh capital inflows into the market remain limited. Considering that summer is traditionally a period of low trading activity, a new macro-level catalyst will likely be required to break the current stalemate.
Under these conditions, Matrixport suggests long-position investors consider hedging potential risks by selling call options. While prices may still rise gradually, the likelihood of a sharp short-term rally remains low.
