PANews January 16 News, Matrixport stated in its latest weekly report that after experiencing a phased pressure at the end of 2025, the on-chain structure of Bitcoin shows signs of improvement. As long as the price can hold above key structural support levels, the firm’s tactical judgment remains cautiously bullish. Multiple valuation and holding indicators are stabilizing, indicating that downside risks have somewhat converged compared to earlier, and the market is more likely emerging from a fragile period rather than entering a new round of decline. However, this recovery is still constrained by two factors: insufficient inflow of incremental funds and limited willingness of long-term holders to increase their holdings. If new funds cannot continue to enter, upward momentum is likely to remain limited; even if there is a brief breakout, it will be harder to form a sustainable trend. Overall, a more appropriate strategy is cautious participation and selective opportunities. Investors should stay in the market but must adhere to discipline, waiting for clearer confirmation from capital flow and on-chain profit indicators before considering a substantial increase in risk exposure.