🔲According to Matrixport research, the average entry price of active Bitcoin investors remains below current levels, indicating that the market is still profitable overall. However, the AVIV Momentum indicator shows a gradual decline in returns and weakening momentum. Analyst Markus Thielen notes that the market is transitioning from a phase of strong growth to one of caution and consolidation.
🔲While 2023–2024 indicators pointed to sustained bullish sentiment, the trend has shifted in autumn 2025. Thielen warns that fading momentum and declining volatility could lead to an extended period of sideways movement. Despite maintaining structural profitability, Bitcoin’s trajectory appears increasingly fragile — suggesting investors should brace for a phase of moderate fluctuations rather than explosive growth.