Matrixport: Lack of new narratives for Bitcoin, weak ETF funding may lead to continued consolidation

MarsBitNews · 2026-02-02T04:27:25+00:00

Matrixport analysis indicates that Bitcoin's recent consolidation is due to a "lack of narrative," and with continuous net outflows of spot ETF funds, traditional financial demand is becoming saturated. The report believes that Bitcoin needs to restart its narrative to attract capital back in, and the current trend may be a temporary correction.

MarsBitNews

2026-02-02 04:27:25

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Mars Finance reports that Matrixport’s latest analysis indicates that the recent consolidation of Bitcoin is primarily due to a “lack of narrative.” Data shows that Bitcoin spot ETFs have experienced net outflows for three consecutive months. Despite several US wealth management firms gradually opening up investment channels, the new avenues have not brought in corresponding incremental funds, and ETF capital remains relatively weak. Matrixport believes that the marginal demand from traditional finance (TradFi) may have reached a temporary saturation point. From a timing perspective, July was the last relatively clear window for net inflows, after which capital momentum continued to weaken. The report suggests that Bitcoin may need a “narrative reboot” or a new core pricing theme to establish substantial support in terms of capital and expectations and to attract TradFi funds back; the current trend is more likely a phase of correction rather than a long-term trend reversal.

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