Matrixport: This round of decline may be more of a tactical correction

Odaily Planet Daily reports that Matrixport’s market research report states that President Trump’s latest round of tariff threats should be viewed less as trade policy and more as a strategic move to induce volatility and gain negotiation concessions. The market has gradually figured out this rhythm: news shocks initially trigger price re-pricing, and sell-offs are amplified when liquidity tightens; once signals of negotiation appear, prices tend to stabilize quickly, and trading returns to a relatively orderly state.

The correlation between Bitcoin and global liquidity continues to strengthen, increasingly becoming the most sensitive pricing asset in this cycle, acting more like a high-beta proxy for global liquidity(high-beta proxy), rather than a traditional macro hedge tool. From current performance, this round of volatility resembles re-pricing at the trading level under external disturbances, without indicating a structural weakening of the fundamentals of crypto assets. On the contrary, the market repeatedly presents tradable volatility windows, allowing disciplined investors to benefit from these opportunities. Meanwhile, other risk assets still maintain a certain resilience, and the market’s marginal reaction to tough statements is also diminishing. Therefore, this round of decline may be more of a tactical correction; insights into positions should not only be interpreted from short-term news but also from changes in pricing and liquidity structures. Implied volatility has not risen significantly, which also prompts reflection: is Bitcoin’s role as a “risk sentiment indicator” diminishing?