[Matrixport: Bitcoin May Be at a Key Turning Point in a Micro Bear Market] Matrixport stated that Bitcoin's price movement exhibits characteristics similar to historical 'small bear market' phases, suggesting the market may have entered a micro bear market environment. ETF inflows have slowed, with both early and long-term funds reducing positions, and there is a short-term lack of new macro catalysts. The future trend largely depends on the Federal Reserve's policy stance. The current market is at a critical turning point, with key structural price levels and macro conditions set to determine whether the trend continues downward or enters a bottoming phase.