PANews reported on March 10 that Matrixport said in its latest report that the White House Crypto Summit and the confirmation of the US strategic Bitcoin reserve failed to ignite market sentiment, the crypto market did not see a significant rise, and the perpetual contract funding rate remained at a single-digit level. This shows that retail investors' enthusiasm remains low, in stark contrast to April and December 2024, when funding rates soared to double-digit highs. Even the market momentum brought about by Trump's official inauguration was relatively flat, clearly indicating that Bitcoin still needs a more influential catalyst to usher in a new round of gains.
Matrixport: The crypto market is waiting for greater positive catalysts, and retail investors' interest remains low
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