Matrixport Research: Trump's Strategic Reserve Plan May Boost BTC Market Confidence

BTC is currently in a complex interaction of opposing forces. On the technical side, the daily reversal indicator reached oversold levels last week, suggesting potential support, while the weekly indicators still indicate that BTC remains overbought. On the macroeconomic front, adverse factors such as tightening liquidity and the Federal Reserve's hawkish stance have brought bearish sentiment. At the same time, bullish drivers such as expectations for the U.S. to establish Bitcoin reserves and the pro-crypto Trump administration's rise to power provide support.

In the past week, Trump's administration may provide support for market confidence with its BTC strategic reserve plan, but the source of funding remains a major obstacle. Meanwhile, the acceptance of crypto assets has significantly increased, with the RWA protocol's TVL surpassing $7.3 billion, and the proportion of government securities has risen significantly, reflecting a growing market preference for low-risk digital assets.

Trump's Administration: Strategic Reserve Plan May Provide Confidence Support for BTC

On January 20, Trump took office, and the BTC strategic reserve plan that his government may promote has become a hot topic in the market. The market generally believes that if the U.S. includes BTC in its national reserves and commits to holding it long-term, it will further attract institutional investors. However, the actual effect of this confidence boost may be limited.

The core obstacle of the strategic reserve plan lies in the source of funding. The current fiscal situation in the U.S. is exceptionally tight, with annual debt interest payments becoming a heavy burden. Over the next decade, the fiscal space in the U.S. is expected to continue to narrow, making the possibility of purchasing BTC through increased debt issuance nearly zero.

In the absence of traditional fiscal means, a market-oriented model may become a solution. The token fundraising model that Trump previously attempted, despite being controversial, provides a reference for a "sandbox test" of similar reserve plans. These paths may offer more realistic solutions for the BTC reserve plan.

$TRUMP Boosts Solana DEX Trading Volume to Historic Highs

The market frenzy triggered by OFFICIAL TRUMP ($TRUMP) has led to a surge in the usage of Solana DEX. In January 2025, the trading volume of Solana DEX reached an unprecedented 268% compared to ETH DEX, while this ratio was only 53% in the same period last year.

As the Solana DEX ecosystem expands, ETH's market share faces greater pressure. With low transaction costs and increasingly stable network performance, Solana has become a significant competitor in the decentralized trading market.

RWA Protocol TVL Surpasses $7.3 Billion, Government Securities Proportion Significantly Rises

According to data from The Block, as of January 22, the TVL of the RWA protocol has reached $7.3 billion, a year-on-year increase of over 200%. Among them, Usual Protocol and Hashnote USYC lead the industry with TVLs of approximately $1.48 billion each.

Currently, government securities account for about two-thirds of the total RWA TVL, a significant increase from 36% a year ago. This shift indicates that investors have increased confidence in compliant, government-supported digital assets, while also reflecting a market preference for low-risk traditional financial instruments, marking a gradual maturation of this field.

As the RWA protocol focuses on government-supported asset classes, its growth trajectory shows that blockchain financial tools are gaining institutional recognition and demonstrating a strong demand for lower-risk assets in the current market environment.

The above views are derived from Matrix on Target. Contact us for the complete report on Matrix on Target.

Disclaimer: The above content does not constitute investment advice, sales offers, or purchase invitations to residents of the Hong Kong Special Administrative Region, the United States, Singapore, or other countries or regions where such offers or invitations may be prohibited by law. Trading in digital assets can involve significant risks and volatility. Investment decisions should be made after careful consideration of personal circumstances and consultation with financial professionals. Matrixport is not responsible for any investment decisions made based on the information provided herein.