Matrixport analysts: the BTC market has entered a consolidation phase ahead of a new growth cycle

According to Matrixport's report, “The Real Drivers of Bitcoin Right Now,” the Bitcoin (BTC) cryptocurrency has entered a consolidation phase due to a combination of macroeconomic and structural factors. Experts say the Federal Reserve remains cautious about rate cuts, limiting short-term growth catalysts. The US dollar is stabilizing after a weakening cycle, and liquidity conditions have tightened since mid-summer. Meanwhile, spot market demand has weakened following strong ETF inflows in the first half of the year.

Analysts have noted a cooling of activity within the crypto market and a decline in confidence among major holders. According to experts, some early investors are taking profits, fund inflows have declined, and traders' positioning has become more cautious amid recent large-scale liquidations. Current Bitcoin prices have fallen below their average cost, which historically corresponds to accumulation phases before a new growth cycle.

Matrixport emphasized that the current scenario does not indicate a structural market peak. On the contrary, the latest data points to a late cyclical pause associated with asset redistribution and risk reduction. This situation creates conditions for the emergence of more attractive entry points in the coming months.

The company expects a new bullish momentum to emerge in 2026, with improved liquidity and clarification of monetary signals from the Federal Reserve. Analysts believe that, with the US dollar (USD) remaining stable and institutional investor interest growing, the BTC price could resume its upward trend.

The report also notes that periods of Bitcoin consolidation have previously coincided with localized strengthening of the dollar index. Historically, after such phases, BTC has returned to growth, outperforming the USD by an average of 6-9 months.

Source: cryptonews.net