matrixpor

Digital financial services group Matrixport today announced its official rebranding to BIT, and will operate globally under the BIT brand. Along with the brand upgrade, BIT also released the "2026 Trust White Paper," which systematically discloses the governance and risk control framework that the group has established and continues to operate, providing a verifiable trust foundation for customers and partners.Currently, as the institutionalization process of the digital asset industry accelerates and the regulatory system improves, the market's demands for platform governance capabilities and compliance operation levels are continuously increasing. The new BIT brand more clearly reflects the company's current business positioning and represents the strategic direction for the next phase of development.BIT CEO John Ge stated, "The digital asset industry is entering a new stage where governance capabilities and compliance operations are increasingly important. BIT embodies the results of the continuous evolution of the company's business and represents our long-term commitment to building a trustworthy digital asset financial infrastructure."

According to monitoring by Lookonchain, the Matrixport associated wallet closed Ethereum long positions, making a profit of 14.47 million dollars, and then went long on ETH again, currently holding 40,000 ETH, worth 90.66 million dollars.

According to independent analyst Markus Thielen, Ethereum has accumulated a decline of about 63% in this cycle, reaching a low of $1837, and the current price is testing the technical resistance level at the upper edge of the downward channel.The recent price recovery has been primarily driven by options capital flow and the Gamma hedging mechanism, with no significant changes in the fundamentals. Although ETF demand has shown some signs of recovery, derivative positions remain the core factor affecting recent trends. Analysts point out that the financial asset attributes of Ethereum are becoming increasingly apparent, and its price movement has begun to decouple from traditional major asset classes. The traditional risk-on/risk-off framework has limited explanatory power, and the crypto market may be forming a more independent pricing logic, with the position structure and capital flow worthy of continuous tracking.

According to Onchain Lens monitoring, as the cryptocurrency market rebounds, Matrixport's entity addresses holding 20x leveraged BTC long positions and 15x leveraged ETH long positions have now seen unrealized profits exceeding $23.5 million. Among them, the Ethereum long position is approximately 70,000 ETH, with unrealized profits of $200.9 million, while the Bitcoin long position is approximately 700 BTC, with unrealized profits of $34 million.

According to a chart report released by independent analyst Markus Thielen, Circle (CRCL) has accumulated a rise of nearly +100% in less than three weeks since the Daily Insight issued a rebound alert, and this round of gains has basically been realized.As the stock price gradually approaches resistance levels, market attention may shift in other directions. Analysts point out that current technical indicators continue to improve, liquidation pressure is relatively controllable, and sentiment indicators have also shown significant improvement, but trading volume remains low, reminding investors to remain cautious when taking a one-sided bearish view in a thin market.

Matrixport released a chart today stating, "The current sentiment in the crypto market is weak, and overall trading volume remains low. Many traders have shifted their attention to other assets such as gold and oil. However, beneath the calm surface, some changes are occurring. Bitcoin has fallen for five consecutive months, which is relatively rare in history, and such trends often precede a phase of rebound.Meanwhile, the total market capitalization of altcoins has also retreated to the range where multiple historical rebounds have started. Although our altcoin model has not officially turned bullish, the number of tokens that have regained the 30-day moving average and passed momentum screening has significantly increased. As stablecoin funds flow back into the market, liquidity conditions are also continuously improving. Overall, these signals indicate that the likelihood of a rebound in the crypto market is gradually increasing."

Matrixport's analysis states that since October, the price of Bitcoin on Coinbase has consistently been lower than on other global exchanges, creating a noticeable discount. Although this price difference is somewhat influenced by fluctuations in USDT prices, the long-term discount still reflects a more pronounced selling tendency among investors on the Coinbase platform.The imbalance in capital flows from the U.S. market may be one of the important reasons for the continued pressure on the market in recent months. However, when the price of Bitcoin briefly fell to around $60,000, the discount began to narrow and has now basically returned to neutral levels. We previously mentioned that this kind of correction often indicates that most of the selling pressure has been gradually absorbed by the market, and the trading status of Bitcoin is expected to improve accordingly.Recent price trends seem to confirm this judgment. Despite ongoing geopolitical risks and the overall weak performance of risk assets, Bitcoin's overall trend remains relatively robust. This may indicate that the earlier phase of heavy selling pressure is gradually coming to an end, and the market environment is expected to see marginal improvements.

According to Lookonchain monitoring, a Matrixport-associated whale holds a long position of 120,000 ETH (worth $241 million) and has just opened a 20x long position of 400 BTC (worth $27.3 million).

According to Onchain Lens monitoring, Matrixport deposited 750 BTC (approximately 50.89 million USD) to Binance.

Matrixport released a chart stating that Bitcoin has seen almost no significant fluctuations this week, which precisely indicates that the current moment deserves more attention. Beneath the calm surface, the market structure is quietly changing. Approximately $2.5 billion in gamma exposure is about to clear this month, and $26.7 billion has been withdrawn from the market since its peak, with overall positions nearing a reset.The dominant factors for future trends may gradually shift from options mechanisms to liquidity itself. In this report, we will focus on three points: whether this recent rebound is misleading and sufficient to constitute a trend reversal; where passive hedging pressure will mainly concentrate after options expiration; and what conditions the market needs to meet to support a more sustainable stabilization.Perhaps the most noteworthy phase of this cycle is just beginning. Currently, Bitcoin's price is roughly flat compared to a week ago, but the movement is not stable. The previous rapid decline, followed by an equally swift rebound, is largely related to the structure of options positions. Market makers had previously maintained short gamma positions. As prices fell, they were forced to sell futures to hedge their exposure, which mechanically amplified the decline and accelerated the price towards $63,000.

Matrixport released a chart today stating that U.S. Treasury Secretary Scott Bessent recently mentioned that the market size of dollar stablecoins is expected to expand to $3 trillion in the coming years. In the long term, the penetration trend of the digital dollar continues, and the overall narrative is leaning positive. However, the latest data shows that short-term momentum has weakened: the growth of stablecoins has noticeably slowed, showing signs of stagnation in phases.This decline will not only suppress Bitcoin but also pose significant resistance to the entire crypto ecosystem. Stablecoins are the most important liquidity infrastructure in the crypto market; a stagnation in supply expansion often means that funds are being withdrawn from the chain and flowing back to fiat currency, rather than remaining in the crypto market for continued rotation. If stablecoins maintain a high net outflow, the liquidity environment for Bitcoin is likely to remain tight in the short term, making recovery difficult. Even if the market structure bill passes smoothly, if real demand and capital inflows do not accelerate again, the supply of stablecoins may not immediately return to an expansionary track.

According to Lookonchain monitoring, a certain Matrixport-associated whale has been continuously increasing its long position in ETH during the market downturn, currently holding 115,000 ETH, worth $215 million. This whale (0x6C8...84F6, 0xa5B...1D41) is currently facing an unrealized loss of over $15.5 million.

Matrixport released a research report on platform X, which pointed out that Bitcoin recently experienced a rapid decline, with implied volatility in options soaring at one point and then partially retreating. The price of Bitcoin dropped from around $85,000 to a low near $60,000, before stabilizing around $66,000.Meanwhile, the implied volatility for March 2026 quickly surged from just over 40% to a panic high close to 65%, reflecting a strong demand for downside protection during the decline. Subsequently, implied volatility fell back to around 50%, indicating that some tail risk hedges are being unwound, and short-term pressure has eased. The crypto market is approaching a critical turning point: volatility remains high, sentiment lingers at extremely low levels, and market liquidity continues to flow out. Traders are gradually unwinding their crash hedges, resulting in a noticeable reduction in overall positions and a significant decline in participation.Historically, such combinations often appear before the initiation of significant directional trends. The macro environment is showing signs of improvement, but the prices of crypto assets have not followed suit significantly, and this divergence is typically difficult to sustain in the long term.

According to the weekly report released by Matrix on Target, the price of Bitcoin has fallen below the key level indicated by analysts, confirming the downward trend. The current retracement of Bitcoin in both magnitude and pace is quite similar to the downward phases of historical cycles. The market's focus has shifted from "Has the trend reversed?" to "When will the next more favorable allocation window arrive?"Looking back, analysts successfully identified the starting point of the Bitcoin bull market and predicted that the peak of this cycle could reach $125,000. Between the end of 2024 and October 2025, Bitcoin has repeatedly shown characteristics of the fifth round of the bull market nearing its end, indicating that the bullish momentum is gradually waning. As the price has fallen below key levels, the market has entered the confirmation phase of a bear market.

According to monitoring by Lookonchain, a suspected whale related to Matrixport (0x6C85...84F6 and 0xa5B0...1D41) has established a long position of 105,000 ETH on Hyperliquid, with a total value of $204.5 million, currently facing an unrealized loss of over $10 million.Addresses 0x6C85...84F6 and 0xa5B0...1D41 both transferred funds from the Tron network to Arbitrum via Bridgers and deposited them into Hyperliquid, possibly belonging to the same whale. Among them, address 0xa5B0...1D41 has received funds from Matrixport multiple times.