According to a Matrixport research report, Bitcoin has recently rebounded to the upper range of its fluctuation zone ($106,000), with market expectations that it may break through its historical high. Several favorable factors are driving market sentiment to recover, including the rebound of U.S. tech stocks, increased investment in AI infrastructure, and new policies from Trump boosting market confidence. At the same time, technical trend models indicate that the market has shifted from a downward to an upward pattern. Matrixport believes that Bitcoin may encounter a favorable trading window before July, influenced by the end of the 90-day tariff truce agreement, the start of the second-quarter earnings season, and liquidity peaking.

Additionally, FTX is expected to initiate the debt repayment process around May 30, potentially releasing approximately $5 billion in stablecoin liquidity, which may flow back into the crypto market, resonating with Bitcoin ETF inflows. Matrixport has maintained a bullish stance since mid-April, and despite Bitcoin having risen by about 25%, it still believes that its upward momentum is not exhausted, with the trend likely to continue into the summer.