PANews reported on November 14th that a new report from Matrixport indicates Bitcoin has entered a "mini" bear market phase, with multiple trends and on-chain models having previously issued warning signals. The report points out that the market lacks upward momentum, ETF inflows have weakened, institutional investors have reduced their exposure, and the lack of catalysts in the macroeconomic environment has led to a significant decline in Bitcoin prices. Future market trends will heavily depend on the Federal Reserve's policy decisions. The market is currently at a critical juncture, and attention should be paid to whether structural levels and macroeconomic triggers will lead to a deeper correction or a bottoming-out phase.PANews reported on November 14th that a new report from Matrixport indicates Bitcoin has entered a "mini" bear market phase, with multiple trends and on-chain models having previously issued warning signals. The report points out that the market lacks upward momentum, ETF inflows have weakened, institutional investors have reduced their exposure, and the lack of catalysts in the macroeconomic environment has led to a significant decline in Bitcoin prices. Future market trends will heavily depend on the Federal Reserve's policy decisions. The market is currently at a critical juncture, and attention should be paid to whether structural levels and macroeconomic triggers will lead to a deeper correction or a bottoming-out phase.