Matrixport: Incoming Funds Signal Bitcoin Poised to Break $100,000

BlockBeats News, April 28th, Matrixport shared its today's market analysis, stating that recently the liquidity in the cryptocurrency market has improved, and new funds are starting to flow into the market, showing a positive change in the overall environment. After two months of consolidation and a slight increase, we are beginning to see initial positive signs of a shift from fiat to cryptocurrency.

If this trend continues, Bitcoin's breakthrough of the $100,000 mark should not be difficult. Although it is still in the early stages, the surge in inflows in October and November last year also drove a strong rebound in the early stages. Given the current signs of a warming fund, traders should closely monitor relevant data.