Matrixport： Bitcoin is attempting to break through the downward trend, and arbitrage selling pressure is coming to an end

On March 24th, Matrixport released today's chart showing that Bitcoin is attempting to break through its downward trend, benefiting from the slightly dovish attitude of the Federal Reserve and Trump's hint of a more targeted strategy towards tariffs. Compared to the past few weeks, these changes have provided a more constructive environment for the market. In addition, as the end of the quarter approaches, the selling pressure on arbitrage funds is easing, as funding rates remain low and most selling is nearing completion. Although the current catalytic factors are not yet sufficient to support Bitcoin reaching a historic high, the market outlook has significantly improved.