Matrixport released a chart today stating that Bitcoin has returned to its high point, but the momentum of stablecoin minting continues to decline. The lack of new liquidity injected into the market may be one of the key reasons why Bitcoin has failed to achieve an effective breakthrough.
From the on-chain data, the inflow of new capital into the market is still limited. Considering that the summer is a traditionally slow trading period, a new macro catalyst is still needed to break the current pattern.
In this context, we believe that bullish investors can consider hedging potential risks by selling call options. Although there is still room for a slow upward movement in price, the probability of a rapid rise in the short term is low. [Odaily Planet Daily]

Matrixport: Stablecoin minting momentum weakens, bullish investors may consider selling call options to hedge risk