Matrixport's latest investment research points out that US President Trump recently announced a new round of tariff measures, and although the stock market has experienced some pullback, the market response has been relatively mild, indicating that the current situation has not yet been seen as a comprehensive "risk aversion" event. The price of Bitcoin is currently stuck in the key resistance zone of $90000, and buying interest remains relatively low. The Federal Reserve has a neutral stance, and the contraction of basis and financing rates indicates that arbitrage selling pressure may weaken.
The analysis also mentioned that the US earnings season is approaching, and coupled with the recent decline of the ISM manufacturing index to a contraction range, the market may face further weakness. At the same time, the skewness rate of Bitcoin options soared to 20% at one point, reflecting an increased demand for downside protection around $80000 in the market. However, as tariff concerns gradually weaken, the skewness rate has fallen back to 9%.
Matrixport believes that Trump may stabilize market sentiment through policies such as tax cuts or regulatory easing, which could create a more favorable investment environment for the manufacturing industry's return plan. Changes in market sentiment may trigger moderate buying, and investors need to pay attention to the potential impact of tariff policies on the cryptocurrency market.
