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

"The $Trump Effect" continues to boost the heat of the strategic reserve plan and the growth of Solana DEX trading volume. $BTC is currently in a complex interaction of opposing forces. On the technical side, the daily reversal indicator reached an oversold level last week, suggesting potential support, while the weekly indicator still indicates that $BTC is in an overbought state. On the macroeconomic front, adverse factors such as tightening liquidity and the Fed's hawkish stance have brought bearish pressures. At the same time, expectations for the U.S. to establish Bitcoin reserves and the bullish impetus from the pro-crypto $Trump administration provide support. Over the past week, following $Trump's assumption of office, his $BTC strategic reserve plan may support market confidence, but funding sources remain a major obstacle. Meanwhile, the acceptance of crypto assets in the market has significantly increased, with the RWA protocol's Total Value Locked (TVL) exceeding 7.30 billion USD, and the proportion of government securities has significantly increased, reflecting a growing market preference for low-risk digital assets. $Trump's administration may provide confidence support for $BTC through its strategic reserve plan. On January 20, $Trump took office, and the $BTC strategic reserve plan promoted by his administration 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 funding sources. 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 the solution. The token fundraising model previously attempted by $Trump, despite being controversial, provides a reference for a "sandbox test" of similar reserve plans. These pathways may offer more realistic solutions for the $BTC reserve plan. $TRUMP drives Solana DEX trading volume to a historical high. 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 the same 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 enhanced network stability, Solana has become an important competitor in the decentralized trading market. RWA protocol TVL exceeds 7.30 billion USD, with a significant increase in the proportion of government securities. According to data from The Block, as of January 22, the RWA protocol's TVL has reached 7.30 billion USD, a year-on-year increase of over 200%. Among them, Usual Protocol and Hashnote USYC rank industry leaders with approximately 1.48 billion USD in TVL, respectively. Currently, government securities account for about two-thirds of the total RWA TVL, significantly up from 36% a year ago. This shift indicates increased investor confidence in compliant, government-supported digital assets, while also reflecting the market's preference for low-risk traditional financial instruments, marking a gradual maturation of the sector. As the RWA protocol focuses on government-supported asset categories, its growth trajectory shows that blockchain financial tools are gaining institutional recognition and exhibiting a strong demand for lower-risk assets in the current market environment. The above views are from Matrix on Target; contact us to obtain the complete report from Matrix on Target. Disclaimer: The above content does not constitute investment advice, sales offers, or purchase invitations for residents of the Hong Kong Special Administrative Region, the United States, Singapore, and other countries or regions where such offers or invitations may be prohibited by law. Digital asset trading may 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.