Matrixport: Market concerns about the future pace have increased, but uncertainties are limited

Golden Finance reports that Matrixport released a weekly report stating, “The latest FOMC meeting resulted in a rate cut as expected, but the forward guidance did not clearly indicate the future policy direction. Market concerns about the pace of future adjustments have actually increased. However, based on the performance of interest rates and asset prices, these uncertainties are still reflected only to a limited extent in current prices. Powell’s somewhat wavering statements, coupled with early signs of a weakening labor market, also suggest that the current macro environment is quite different from the beginning of the year. Against this backdrop, Bitcoin’s current bull market has seen its price dip below a key long-term trend for the first time, with its movement resembling the market rhythm before previous mid-term elections. Despite frequent reports of the “Fed restarting balance sheet expansion” recently, overall liquidity in the cryptocurrency market remains tight, and trading has not significantly warmed up. Meanwhile, the impact of political factors on market sentiment and trading behavior may not have been fully priced in. Under the interplay of multiple factors, the market is shifting from a single trend to a more complex pattern. In such a phase, the importance of position management and risk control becomes significantly more prominent. According to our report on October 31, 2025, even if we do not classify the current market as a bear market, this round of consolidation is likely to continue.”