Matrixport: Market Concerns About Future Pace Have Increased, But Uncertainty Remains Limited

Jinse Finance reported that Matrixport released its weekly report stating, "The latest FOMC meeting cut rates as expected, but the forward guidance did not provide a clear direction for subsequent policies, which has actually increased market doubts about the future pace. However, judging from the performance of interest rates and asset prices, these uncertainties are still only limitedly reflected in current prices. Powell's somewhat wavering remarks, coupled with early signs of a weakening labor market, also indicate that the current macro environment is very different from the beginning of the year. Against this backdrop, Bitcoin has, for the first time in this bull market, fallen below a key long-term trend level, and its movement is quite similar to the market rhythm before previous midterm elections. Although there have been frequent claims recently about the 'Fed restarting balance sheet expansion,' overall liquidity in the cryptocurrency market remains tight, and trading activity has not shown a significant rebound. At the same time, the impact of political factors on market sentiment and trading behavior may not be fully priced in. With multiple factors intertwined, the market is shifting from a single-trend scenario to a more complex pattern. At this stage, the importance of position management and risk control has become significantly higher. According to our judgment in the report dated October 31, 2025, even if the current market is not defined as a bear market, this round of consolidation is still highly likely to continue."