Today's Matrixport report caused a panic drop in the market, and Matrixport was still very confident in their judgment and even wrote directly in the article: "We often make controversial points, but the end result is correct". The contents of the report are basically as follows:

1. It feels that all ETF applications now do not meet the SEC's standards, so it thinks that it will not be approved in January, and thinks that it will be approved in the second quarter, that is, in April ~ June
2. I think the reason for the failure is that SEC Chairman Gary Gensler is still sitting on it, and for political reasons he does not think he will suddenly switch to embracing Bitcoin
3. It feels that the reason for the decline is because the contract will be get liquidated in a row, and it is expected to fall by 3.6-38,000, so it bought the 40,000 put options expiring on January 12, but note that at least in the article it did not say that it cleared the spot, so the probability is only to hedge the risk.
4. It sees the ETF as a good buying opportunity if it rejects it next week

Yesterday Matrixport looked at Bitcoin for 50,000 dollars, and today it will look at 36,000[doge] [doge]