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Matrixport: Bitcoin enters a 'mini Bear Market', the market is at a critical turning point.

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On November 14, Matrixport released today's market view indicating that Bitcoin has entered a Bear Market phase. The recent trend shows similarities with historical “mini Bear Market” phases across multiple dimensions. In this market environment, it is especially important to remain sensitive to key signals and execute strict risk management. In terms of funds and macro aspects, ETF inflows have slowed, early and seasoned funds are reducing positions, and there is a lack of short-term macro catalysts. The subsequent trend will largely depend on the Fed's future policy direction. Currently, the market is at a critical turning point, with several important structural price levels and macro trigger factors determining whether the next move will be a further dip or entering a bottoming phase.

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