**[Matrixport: Bitcoin Falls Below Bull-Bear Threshold for Two Consecutive Weeks, Momentum of Capital Inflows Weakens]** Matrixport released a market analysis indicating that Bitcoin's recent price performance suggests the market is transitioning from a bull phase to consolidation. Although the macro environment remains supportive, including the Federal Reserve's accommodative policies and stable liquidity conditions, multiple technical and on-chain indicators show signs of short-term market fatigue. Bitcoin has fallen below the 21-week moving average for two consecutive weeks, a critical technical indicator often regarded as the bull-bear threshold. Meanwhile, the growth of on-chain liquidity has slowed, and realized market cap data reflects weakening capital inflows. The flash crash on October 11 exacerbated market fragility, triggering billions of dollars in forced liquidations and a chain reaction that led to a decline in open interest. Long-term holders have started taking profits. The strengthening of the U.S. dollar, declining bond yields, and weak labor market data collectively suggest that global economic growth momentum may be weakening. Risk assets are likely to remain range-bound until market confidence recovers.
--
Loading...