Odaily Planet Daily reports that Matrixport's latest chart shows that Bitcoin's "True Market Mean Price" (also known as the active investor price) indicator remains in an overall profitable range, but a comparison with the 90-day momentum model shows that market profits are gradually narrowing. This change generally indicates weakening upward momentum and cautious investor sentiment.

Analyst Markus Thielen pointed out that the indicator maintained a strong bullish pattern from 2023 to early 2024, but recent readings showed a significant decline in market momentum, weakening investor confidence, and the market may enter a longer-term consolidation phase.