A weekly report released by Matrixport points out that the bitcoin market may be facing a significant turning point. While some traders continue to rely on the stock-to-flow ratio model to predict a quick rebound in the short term, the institution recommends using more precise macro-quantitative tools to predict the direction and key moments of volatility for bitcoin. The report emphasizes that as the macroeconomic environment evolves, bitcoin and the entire market may enter a highly volatile period. Although financial markets appear calm on the surface, gold, oil, treasury bonds, and the US dollar are near key support levels, suggesting an impending major turning point. This situation indicates that there may be significant changes in the macroeconomic landscape, with impacts expected to fully materialize within months. Considering that financial markets have forward-looking properties, these changes could lead to significant shifts in trends. It is noteworthy that the outcome of the US presidential election will also affect the market. Some policy proposals from candidates raise questions about their sustainability, and while the market is predicting the winner, it is also concerned about the rapid rise in debt levels. These factors interacting will shape future market trends, so continuous monitoring of relevant indicator changes is necessary. The report also notes that when bond yields rise and gold prices rebound simultaneously, it typically indicates that the economy is in a unique and contradictory environment. In this case, bitcoin is likely to become a major beneficiary and may lead to a new uptrend.