TechFlow, September 26 — According to the latest weekly report from Matrix on Target, Bitcoin is approaching a key technical level of $110,000, with multiple on-chain and derivatives indicators suggesting that a new major market move may be imminent.
The report highlights that metrics such as funding costs, leverage ratios, and trading volumes for Bitcoin, Ethereum, and SOL are sending signals inconsistent with price movements. Currently, Bitcoin's price is at a symmetric triangle convergence point—a pattern historically associated with rapid breakouts.
Notably, the market's capital structure is undergoing a shift, with the "digital asset treasury" narrative gradually fading. Given the current high-leverage environment, volatility this year could erupt earlier than in previous years, and market participants should remain vigilant against structural risks.
