Matrixport: Bitcoin may attempt a rebound against the trend, but remains in the bear market reset phase

SmartContractAuditor · 2026-02-09T07:43:03+00:00

Bitcoin is attempting to rebound after a sell-off, with short-term upside potential, but whether it can sustain depends on new inflows of capital. Matrixport points out that Bitcoin is still in a bear market reset phase, and on-chain data indicates insufficient demand, making the rebound potentially unsustainable. Increased options hedging activity may also amplify price volatility.

SmartContractAuditor

2026-02-09 07:43:03

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Odaily Planet Daily News reports that according to charts and analysis released by Matrixport, Bitcoin is attempting a rebound after experiencing a capitulation-style sell-off. This decline has cleared out weak positions and triggered passive selling pressure and chain liquidations in the derivatives market. In the short term, technical indicators still suggest some upward potential, but whether the rebound can continue largely depends on the influx of new funds, rather than just short covering and mechanistic hedging.

Matrixport points out that Bitcoin remains in a larger bear market reset phase. Such phases often see quick rebounds, but they are usually unsustainable. On-chain data also indicates that the current environment remains weak, with insufficient demand momentum and limited structural accumulation. Meanwhile, options hedging activity is increasing, which could further amplify price volatility. If spot demand remains weak, Bitcoin prices are more likely to experience rapid declines, and the influence of derivatives on prices will also increase.

BTC-2.26%

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