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

According to Matrixport's latest market analysis, 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-stage and long-term funds reducing their positions, and there is a lack of new macroeconomic catalysts in the short term; the subsequent trend still largely depends on the Federal Reserve's subsequent policy stance.

The agency believes that the market is currently at a critical turning point, and several important structural price levels and macroeconomic triggers will determine whether the market continues to decline or gradually enters a bottoming-out phase.