According to ChainCatcher, Matrixport's weekly report pointed out that macroeconomic negatives and global liquidity changes may cause Bitcoin to enter a consolidation phase. Although ETF fund inflows are stable, the Fed's hawkish stance may limit further gains.

The report believes that Bitcoin's rise is more affected by Fed policies than ETF launches. Technically, the "shooting star" candlestick pattern indicates that the medium-term upward trend may be coming to an end.

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