Matrixport: Bitcoin may have entered a mini bear market; the market is at a critical turning point.

In its latest market analysis, Matrixport stated that Bitcoin's price action is exhibiting characteristics similar to historical "mini-bear market" phases, suggesting the market may have entered a micro-bear market environment. In the current situation, investors need to pay closer attention to changes in key indicators and strictly implement risk management. Matrixport points out that from a funding and macroeconomic perspective, ETF inflows have slowed, with both early and long-term funds reducing their positions, and a lack of new macroeconomic catalysts in the short term; the subsequent trend still largely depends on the Federal Reserve's policy stance. The institution believes the market is currently at a critical turning point, and several important structural price levels and macroeconomic triggers will determine whether the price continues to decline or gradually enters a bottoming phase.