Matrixport: The overall market is in a profit zone, while market sentiment is turning cautious

Jinse Finance reported that Matrixport released a market perspective stating that the "True Market Mean Price," also known as the "Active Investor Price," is used to measure the overall holding cost of active investors in the secondary market and can effectively represent their average entry price. According to current data, this indicator still shows that the overall market is in a profitable range. However, when compared with the 90-day momentum model, it is evident that market profits are gradually narrowing. Historical experience indicates that this change often means that upward momentum is weakening and market sentiment is becoming more cautious. The indicator maintained a bullish pattern from 2023 to early 2024, but recent readings show that market momentum has significantly weakened, investor confidence has declined, and there are concerns that the market may enter a longer-term consolidation phase.