According to BlockBeats, Matrixport's recent weekly report highlights a slowdown in Bitcoin's upward momentum, coinciding with emerging cracks in the U.S. macroeconomic landscape. Two key economic indicators have recently hit multi-month lows, yet most investors remain focused on ETE fund flows. Financing dynamics, stablecoin activities, and forward-looking data suggest potential larger-scale market changes.
As U.S. macroeconomic data begins to soften, an uncertain period may be approaching. The recent strong demand likely stems from market anticipation of U.S. President Donald Trump's tariff policies, accelerating order execution. However, this activity appears to be normalizing. Policymakers may be cautious about prematurely easing policies due to concerns that tariff policies could reignite inflation pressures.
Previously, it was noted that Bitcoin would confirm its bullish trend upon surpassing $84,500. Considering potential market uncertainties during the summer, last week's report advised traders to take moderate profits. Despite recent price softness, the trend model remains bullish, only turning bearish if Bitcoin falls below $96,719—a level that remains intact but is nearing. Given the weakened momentum, profits have been locked in. With early signs of economic data weakness emerging, a period of economic turbulence lasting over two months may be on the horizon. In such a market environment, Bitcoin is unlikely to sustain uninterrupted growth, especially as the Federal Reserve is not yet prepared to cut interest rates and inflation expectations remain high.
