Matrixport: The core driving factors for the next bitcoin rally remain unclear, but new upward momentum is gradually forming.

Jinse Finance reported that Matrixport released its weekly report, stating that the US economy continues to demonstrate strong resilience. The narrowing of credit spreads has reduced corporate refinancing costs and, to some extent, mitigated the impact of tariffs. Against this backdrop, companies are accelerating the adoption of artificial intelligence to improve operational efficiency, providing additional support for risk assets. Historical data shows that narrowing credit spreads are often accompanied by stronger stock markets and Bitcoin performance, and these factors together increase the likelihood of the current Bitcoin rally continuing. The core risk to the current trend remains inflation. Although the inflation rate is still above target, our model predicts it will fall below 2.0% in the coming quarters, suggesting that the Federal Reserve may be able to extend the easing cycle. This view differs from the mainstream market expectation, which generally believes that fiscal injections and deglobalization will keep inflation elevated for longer. However, considering the continued decline in energy prices and falling housing costs, it is unlikely that inflation will remain above 3.0% in the long term. Although the core driving factors for the next Bitcoin rally are not yet clear, new upward momentum is gradually forming.