Odaily Planet Daily News Matrixport released its latest report pointing out that the core catalyst for a new round of Bitcoin's rise is gradually emerging. Despite the frequent positive factors on the Ethereum side (such as ETF fund inflows, increased institutional allocations, and the SEC's possible release of the pledge mechanism), the funding rate has only risen to 15%, indicating that the market heat has not yet been fully released.

The report also points out that August and September are historically weak months for Bitcoin. With the latest FOMC meeting concluded and the next scheduled for September 17th, the market may adopt a wait-and-see approach and enter a period of sideways trading, as policy catalysts are lacking in the short term.

Matrixport also noted that US fiscal uncertainty remains a key driver of hard asset appreciation. Trump's recent $5 trillion debt ceiling expansion plan has already caused US debt to surge by over 10%. Bitcoin, as a hedge tool, is benefiting from this macroeconomic shift, but future trends will require careful attention to capital flows.