Odaily Planet Daily reports that Matrixport has released a weekly report stating that Bitcoin has rebounded to the upper range of the fluctuation zone (106,000 USD). With multiple favorable catalytic factors driving the market, there is a widespread expectation that it is likely to break through its historical high. As the phase of downward risk eases, the upward trajectory of Bitcoin's price is becoming increasingly clear. Recently, Trump's focus shifted to announcing investment and trade cooperation, further boosting market optimism towards the stock market and Bitcoin. If the tax reduction policies from the Trump era continue, coupled with potential regulatory easing measures, it may further enhance market expectations for economic growth, leading to a reevaluation of growth prospects and a repricing of bond yields. In the current context, risk assets, especially Bitcoin, are expected to welcome a favorable trading window before July. This period coincides with the end of the 90-day tariff truce agreement, the start of the second-quarter earnings reporting season, and the liquidity indicators we are tracking are expected to peak at the same time. Another important catalytic factor is the upcoming debt repayment process initiated by FTX, targeting accounts with debt amounts exceeding 50,000 USD, which is expected to start around May 30, 2025. This round of repayment is expected to distribute approximately 5 billion USD in stablecoins, a significant portion of which may flow back into the crypto market. This added liquidity may drive market momentum in June, resonating with the continued inflow of funds into Bitcoin ETFs and active stablecoin trading. Since Bitcoin broke the technical barrier of 84,500 USD in mid-April, it has maintained a constructive bullish stance. Although Bitcoin has risen by approximately 20,000 USD (about 25%), we still believe that the upward momentum is not exhausted and that the trend is likely to continue into the summer.

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