Matrixport: Bitcoin Enters "Mini Bear Market," Market at a Critical Turning Point

Matrixport released a market outlook indicating that Bitcoin has entered a bear market phase. Recent trends show similarities to historical "mini bear market" phases across multiple dimensions. In this market environment, it is particularly important to remain sensitive to key signals and to implement strict risk management.

In terms of funding and macro aspects, ETF inflows have slowed, early and seasoned funds are reducing their positions, and there is a lack of short-term macro catalysts. The subsequent trends will largely depend on the Federal Reserve's future policy direction. Currently, the market is at a critical turning point, with several important structural price levels and macro trigger factors determining whether it will further decline or enter a bottoming phase.