**[Matrixport: Bitcoin Enters "Mini Bear Market," Market at a Critical Turning Point]** BlockBeats News, November 14, Matrixport released its market commentary today, stating that Bitcoin has entered a bear market phase. Recent trends show similarities across multiple dimensions to historical "mini bear market" phases. In this market environment, it is especially important to remain sensitive to key signals and enforce strict risk management. From a capital and macro perspective, ETF inflows have slowed, early-stage and seasoned funds are reducing positions, and short-term macro catalysts are insufficient. The subsequent trend will largely depend on the Federal Reserve's upcoming policy moves. Currently, the market is at a critical turning point, with several important structural price levels and macro triggers set to determine whether the market will further decline or enter a bottoming phase.