📊 Matrixport Report:
• At the beginning of January, #BTC entered an active distribution phase, with the accumulation trend indicator confirming ongoing selling pressure;
• The increase in volatility, weak demand, and liquidity restrictions prevented a resumption of significant accumulation, reinforcing downside risks;
• Panic selling intensified and the STH-SOPR index sharply fell below the equilibrium level, indicating widespread losses among short-term investors;
• The increased intensity of panic selling heightens concerns about a potentially prolonged bearish trend.
