Matrixport: The current bitcoin market lacks new capital and has limited participation from new investors

Foresight News reported that Matrixport tweeted, "As Bitcoin enters 2026, its operating mechanism is already distinctly different from the rebound at the beginning of previous cycles. Although recent technical developments warrant a more aggressive tactical stance, broader structural signals remain unfavorable for a sustained bull market. Historical experience shows that when the price falls below the one-year moving average, combined with shrinking trading volume and weak capital inflows, this cycle is shifting toward a more challenging environment. On-chain data confirms this view. Large, long-term holders continue to reduce their holdings in a controlled manner, offsetting the demand from small holders, resulting in a prolonged market top pattern rather than capitulation selling or a bubble peak. Meanwhile, realized market cap inflows and new address growth data indicate a lack of new capital and limited participation from new investors."