Summary
Key liquidity drivers such as stablecoin growth and US-listed Bitcoin ETF inflows have slowed down, with four consecutive days of net outflows. Demand for US-listed Bitcoin ETFs seems saturated, as even a decline in Bitcoin prices has not increased net inflows.
Key Points
1. Key liquidity drivers like stablecoin growth and US-listed Bitcoin ETF inflows have slowed down recently, with four consecutive days of net outflows from ETFs.
2. Demand for US-listed Bitcoin ETFs appears to be saturated, as even a 10-15% decline in Bitcoin prices has not increased net inflows.
3. Matrixport highlighted the slowdown in key liquidity drivers as a notable trend in the market, signaling potential shifts in investor sentiment and behavior.