BlockBeats News, November 14th, Matrixport released today’s market view stating that Bitcoin has entered a bear market phase. The recent trend shows similarities to historical “mini bear market” phases in multiple dimensions. In this market environment, it is especially important to stay sensitive to key signals and execute strict risk management. Regarding funds and the macro environment, ETF inflows have slowed down, early and senior funds have reduced their positions, and there is a lack of short-term macro catalysts. The subsequent trend still depends to a large extent on the Federal Reserve’s future policy direction.
Currently, the market is at a critical turning point, where multiple important structural price levels and macro trigger factors will determine whether the next move is further downward exploration or entering a bottoming phase.
