[Analysis: Market Sentiment Gradually Stabilizing, Downside Risks Eased] Matrixport analyzed in today's chart that the start of the new year has been relatively calm, but market sentiment is gradually recovering. Notably, its self-developed 'Greed and Fear Index' moving average has shown clear signs of bottoming out. Historically, such signals often appear near Bitcoin's periodic bottoming phases. Against this backdrop, the market is more inclined to enter an upward recovery phase, with the risk of continued decline easing. However, it should be noted that this does not mean prices will quickly return to historical highs. With sentiment stabilizing, downside risks are more likely to be contained within a manageable range. Looking back to late October, the institution had indicated in its 'Matrix onTarget' weekly report at the time that the possibility of a larger-scale correction was relatively high. As we move into 2026, a unilateral long strategy environment may still not be advantageous; the ability to maintain discipline and adopt a more tactical approach to capturing market swings may become the key to widening the gap in returns.