Matrixport claims that the on chain structure of Bitcoin has improved, but the inflow of funds remains a key constraint

Matrixport pointed out in its latest weekly report that after experiencing temporary pressure at the end of 2025, Bitcoin's on chain structure has shown signs of improvement. As long as the price remains above the key structural support level, the institution's tactical judgment still leans towards cautious optimism. Multiple valuation and position indicators are stabilizing, and the downside risk has eased compared to the previous period. The market performance is closer to emerging from a fragile period rather than entering a new round of withdrawals. However, the current repair is still constrained by insufficient incremental capital inflows and limited willingness of long-term holders to increase their holdings. If new funds cannot continue to enter the market, the upward movement may be limited, and even a brief breakthrough will be difficult to form a sustained trend. Matrixport recommends investors to participate cautiously, select opportunities, and consider expanding their risk exposure only after clearer signals are provided by indicators of cash flow and on chain profitability.