[Matrixport: The Core Driving Factors for Bitcoin's Next Market Cycle Remain Unclear, but New Upward Momentum is Gradually Forming] According to a report by Jinse Finance, Matrixport released its weekly report stating that the U.S. economy continues to demonstrate strong resilience. Narrowing credit spreads have 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 enhance operational efficiency, providing additional support for risk assets. Historical data shows that narrowing credit spreads are often accompanied by strength in the stock market and Bitcoin, collectively increasing the likelihood of the current Bitcoin market cycle 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 the Federal Reserve may extend its easing cycle. This assessment diverges from mainstream market expectations, which generally believe fiscal injections and de-globalization will keep inflation elevated for a longer period. However, considering the ongoing decline in energy prices and housing costs, the likelihood of inflation remaining above 3.0% in the long term is relatively low. While the core driving factors for Bitcoin's next market cycle remain unclear, new upward momentum is gradually forming.