Matrixport: Bitcoin Enters "Micro Bear Market," Market at Key Inflection Point

On November 14th, Matrixport released today's market view indicating that Bitcoin has entered a bear market phase. The recent trend exhibits similarities to historical "mini bear market" phases in multiple aspects. In this market environment, it is particularly crucial to remain sensitive to key signals and implement strict risk management. Regarding funds and the macro environment, ETF inflows have decelerated, early and senior funds have reduced their positions, and there is a shortage of short-term macro catalysts. The subsequent trend still depends to a large extent on the future policy direction of the Federal Reserve. Currently, the market is at a critical juncture where multiple important structural price levels and macro trigger factors will determine whether the next move is a further downward exploration or the entry into a bottoming phase.