Matrixport: Bitcoin at a critical turning point as market sentiment and macro policies create uncertainty

Jinse Finance reported that Matrixport released its daily chart analysis, stating that Bitcoin has just entered a rare phase: positions, market sentiment, and macro policies are colliding simultaneously. Implied volatility has dropped significantly, and the demand for crash protection has also subsided, yet the price remains below a historically critical level that has been difficult to break through again. Meanwhile, an important on-chain cost basis indicator is being tested, a level that has often distinguished between "panic" and "deep value" in the past. Adding to the tension, with the Federal Reserve's tone shifting, expectations for interest rate cuts have surged again, but history shows that this is precisely the stage where many traders misjudge subsequent trends. Seasonal patterns point in one direction, while trend structure supports another, and both are backed by data.