Matrixport Market Outlook: Crypto Assets Amid Macro Pressures and Market Divergence

Citing Chaincatcher, Matrixport released a market analysis on November 19, 2025, highlighting the impact of macroeconomic pressures and internal industry movements on crypto assets. The U.S. Department of Justice recently seized 127,000 BTC (about $15 billion) from the Cambodian Taizigroup founder Chen Zhi, marking the largest-ever seizure. The Federal Reserve remains hawkish, with less than 50% expectation of a December rate cut, inflation at around 3%, and resilient employment. High interest rates, a strong dollar, and policy uncertainty continue to suppress risk assets, including crypto. Meanwhile, large institutional holders have seen their stock prices fall below the net value of their BTC holdings, reflecting a reevaluation of valuations. The crypto market has experienced a significant correction over the past month, with Bitcoin dropping to $89,000 and Ethereum to $2,945, both hitting six-month lows. On-chain data shows stablecoin outflows and increased buying at lower levels, while Bitcoin's ownership pattern shifts toward retail investors. DeFi TVL has declined by 10-15%, and Ethereum staking rates have hit a record 30%. Options volatility has surged, with DVOL exceeding 50 and a high concentration of short-dated put options. Market segments have diverged, with RWA tokens showing relative resilience, while high-beta assets like Solana (SOL) have seen reduced drawdowns and increased fund inflows. Matrixport recommends using structured products such as Accumulators, FCNs, Decumulators, and daily dual-coin products to balance risk and reward in a volatile market.