ChainCatcher message, Matrixport’s analysis states that the inflow of funds into Bitcoin ETFs has significantly slowed down, mainly due to the narrowing of the market basis.
The report points out that retail participation remains low, and trading volume data from the Korean crypto market shows that retail buying demand is not obvious. Due to the lack of incremental buying support, the funding rate for perpetual contracts has remained low for a long time, which compresses the profit space of basis trading (cash-and-carry arbitrage), limiting the inflow of incremental funds into Bitcoin ETFs. Analysts believe this confirms the March 2024 judgment: without retail-driven spot-futures spread movement, institutional capital allocation cannot accelerate, leading to an extended consolidation phase.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Breaks $78K with 2.85% Daily Gain
Gate News message, April 22 — Bitcoin broke through $78,000 today, posting a 2.85% gain over the 24-hour period.
GateNews7m ago
Bitcoin Jumps 2.7% on Market Optimism Over Trump's Iran Ceasefire Extension
Gate News message, April 22 — Bitcoin surged 2.7% on Wednesday after President Donald Trump announced an extension of the ceasefire with Iran, boosting market confidence. The cryptocurrency traded around $77,500 at 1 p.m. Singapore time, marking its highest price since Friday when it touched a two-m
GateNews9m ago
BTC breaks through 78000 USDT
Gate News bot message, Gate market data shows that BTC has broken through 78000 USDT, current price is 78000 USDT.
CryptoRadar10m ago
Gate launches the "Compute Power Goes Ballistic" campaign: complete tasks to unlock mystery boxes and win a Mac Studio M3 Ultra; USDT wealth management offers 6% APY; BTC/ETH/SOL staking up to 16% APY
Gate News message, according to the Gate official announcement on April 22, 2026, the platform has launched a "Compute Power Goes Ballistic" themed campaign.
During the campaign (from 14:00 on April 22 to 16:00 on April 26, UTC+8), users can complete multiple tasks to unlock the chance to open mystery boxes. Prizes include Mac Studio M3 Ultra, RTX 5090 GPU, XPIN tokens, lucky draw gift bags, and more, using a 100% guaranteed win model. The tasks cover multiple scenarios such as instant exchange trading, spot trading, derivatives trading, deposits, invitations, and VIP upgrades, with different tasks corresponding to different numbers of mystery box openings.
At the same time, the platform has introduced interim wealth-management products: USDT 14-day fixed-term wealth management with an annualized return of 6%. You can apply with a net deposit of ≥ 1,000 USDT, with a personal limit of 20,000 USDT. For on-chain earnings, staking BTC, ETH, and SOL can receive up to a 7.5% boost, with staked SOL reaching up to 16% annualized returns. In addition, new and existing users can also participate in multi-asset wealth-management products such as ETH, USDD, XAUT, AIA, SWCH, 0G, and APT, with some products offering annualized returns exceeding 100%.
GateAnnouncement1h ago
Bitcoin Liquidation Data: $1.676B in Long Positions if BTC Falls Below $73,721; $883M in Shorts if BTC Breaks $80,768
Gate News: If Bitcoin dips below $73,721, long liquidations on major CEXs could total $1.676B; if BTC climbs above $80,768, short liquidations could reach $883M.
Abstract: This brief notes potential liquidations on major CEXs triggered by BTC price moves: $1.676B in longs below $73,721 and $883M in shorts above $80,768.
GateNews1h ago
Bitcoin Spot ETFs See $11.84M Net Inflows Yesterday, Extending 6-Day Streak
Gate News message, April 22 — Bitcoin spot ETFs recorded total net inflows of $11.84 million yesterday (April 21, U.S. Eastern Time), according to SoSoValue data, extending a six-day consecutive inflow streak.
BlackRock's IBIT led all funds with $39.34 million in single-day net inflows, bringing it
GateNews1h ago
