📉 Matrixport warns of prolonged weakness in risk assets

Despite ongoing bullish narratives, Matrixport notes BTC has broken below the critical $112,000 support, confirming their prior cautious stance.

The drop reflects both August seasonality and macro uncertainty from revised labor data.

With two rate cuts already priced in and the first expected in September, Matrixport says risk assets may remain weak until fundamentals improve.

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