Analysis: Signs of Improvement in Bitcoin On-Chain Structure, but Fund Inflows Remain Key Constraint

According to reports, Matrixport stated in its latest weekly report that after experiencing a phase of pressure at the end of 2025, signs of improvement in Bitcoin's on-chain structure have emerged. As long as the price can hold above key structural support levels, the institution's tactical judgment remains cautiously bullish. Various valuation and holding indicators are stabilizing, indicating that downside risks have somewhat converged compared to earlier periods. The market seems to be moving out of a fragile period rather than entering a new round of retreat. However, this recovery is still constrained by two factors: insufficient inflow of incremental funds and limited willingness of long-term holders to increase positions. If new funds cannot continue to enter the market, upward momentum is likely to remain limited, even if there is a temporary breakthrough, it will be more difficult to form a sustainable trend. Overall, a more appropriate strategy is to participate cautiously and select opportunities. Investors should stay in the market, but must maintain discipline and consider substantially increasing risk exposure only after clearer confirmation from fund flows and on-chain profit level indicators.

Related Articles