Matrixport: Bitcoin profits narrow, momentum weakens, market may enter a long-term consolidation phase

ChainCatcher news, according to the latest report by analyst Markus Thielen, shows that although Bitcoin's price remains high, the "True Market Mean Price" (TMMP) indicator reflects that market profits are gradually narrowing.

This indicator, also known as the "Active Investor Price," is used to measure the overall holding cost of active investors in the secondary market. Compared to the 90-day momentum model, it has been found that market upward momentum has significantly weakened, and investor confidence is declining. Historical experience indicates that such changes often signal a cautious market sentiment.

Although this indicator has maintained a bullish pattern overall from 2023 to early 2024, recent data suggests that the market may enter a longer-term consolidation phase. As of 2025, while Bitcoin's price remains in the profit zone, market participants should be wary of the risk of continued weakening momentum.