Matrixport: Bitcoin Downside Risk Marginally Eases, Market May Shift to a "Limited Downside" Trading Phase

Foresight News reported that Matrixport has released its weekly report. The report points out that bitcoin has continued to decline since mid-October, with market sentiment turning increasingly cautious. As the market once again discusses the "four-year cycle," many traders speculate that 2026 may still be a period under pressure. In recent months, bitcoin has been under continuous pressure in an environment of converging volatility, deleveraging, and lack of risk appetite. However, from the perspectives of derivatives, ETFs, and key technical indicators, there have been changes in position structure.

The report shows that historically, the market tends to be more conservative at the end of the year, but after entering the new year, as capital is reallocated and risk budgets are restored, the speed of sentiment reversal can sometimes exceed expectations. The current technical structure indicates that downward momentum is marginally slowing, but there is not yet a clear consensus on the upside. Against this backdrop, the market may shift from a "downside risk dominant" phase to a "limited downside, upside still needs catalysts" game stage. In addition, with the largest bitcoin options expiry in history approaching, the distribution of strike prices is becoming an important window for observing market pressure and potential opportunities.