According to online reports, Matrixport posted on the X platform,"The security of the Bitcoin mining network is increasing day by day. As computing power continues to rise, competition among miners has become increasingly fierce and is expected to drive capital expenditures (CapEx) of US$10 to US$12 billion per year. This fierce competitive landscape not only improves the security of the network, but also further promotes the development of decentralization. From historical experience, the increase in mining capital expenditures is often closely related to the increase in Bitcoin prices." "Corporate buyers represented by MicroStrategy continue to buy and hold Bitcoin for a long time, further reducing the circulation supply in the market. The current structure suggests that Bitcoin prices may still have room for upside before computing power peaks-and this turning point has not yet arrived. Overall, the Bitcoin network continues to expand and market demand grows simultaneously. These factors together provide solid support for the Bitcoin price."