Recent reports from Matrixport suggest Bitcoin’s upward momentum is slowing, coinciding with growing concerns about the U.S. economy. Two key economic indicators have recently reached multi-month lows. However, most investors are still focused on ETE fund flows. Analyzing financing dynamics, stablecoin activity, and future data reveals potential for larger-scale market shifts. As U.S. macroeconomic data weakens, a period of uncertainty might be approaching. The recent surge in demand may stem from anticipation of US President Donald Trump’s tariff policies, driving accelerated transaction execution. However, this activity appears to be normalizing. Policymakers could hesitate to prematurely ease policies due to concerns that tariffs could reignite inflation. Bitcoin previously needed to surpass $84,500 for confirmation of a bullish trend. However, with market uncertainties expected during the summer, last week’s report urged traders to take profits. Despite recent price fluctuations, the trend model remains bullish, turning bearish only if Bitcoin falls below $96,719—a level that remains intact but is nearing. With the weakened momentum, profit-taking has taken place. With early signs of economic data weakness emerging, a period of economic turbulence lasting over two months might be on the horizon. In such an environment, Bitcoin’s uninterrupted growth appears unlikely, especially with the Federal Reserve not yet prepared to cut interest rates and high inflation expectations persisting.