PANews reported on May 16 that according to a Matrixport investment research report, Bitcoin has recently rebounded to the upper edge of the volatility range ($106,000), and the market expects it to break through its historical high. A number of positive factors have boosted market sentiment, including the rebound of U.S. technology stocks, increased investment in AI infrastructure, and Trump's new policies that boosted market confidence. At the same time, the technical trend model shows that the market has shifted from a downward trend to an upward trend. Matrixport believes that Bitcoin may usher in a favorable trading window before July, affected by factors such as the end of the 90-day tariff truce, the start of the second quarter earnings season, and the peak of liquidity.
In addition, FTX is expected to start the debt repayment process around May 30, which may release about $5 billion in stablecoin liquidity. This part of the funds may flow back into the crypto market, resonating with the inflow of Bitcoin ETF funds. Matrixport has maintained a bullish stance since mid-April. Although Bitcoin has risen by about 25%, it still believes that its upward momentum is not exhausted and the market is expected to continue until the summer.
