According to BlockBeats, Ark Invest's report released on April 11th indicates that the institution believes Bitcoin's price is still in the early to mid-stage of a bull market, compared to past cycles. Furthermore, the institution is optimistic about the performance of Bitcoin's scalability solutions, such as Rollup and sidechains, in this round. They believe that since the second half of 2023, these trends have been strong due to factors such as the appreciation of Bitcoin's price, and these trends may continue in the current bullish cycle.
Regarding the Consumer Price Index (CPI) data, the institution believes that the bearish impact of this CPI directly affects market liquidity and risk-bearing capacity, which could theoretically limit speculative trading activities in the crypto market. However, factors such as the upcoming halving event and the inflow of funds into the US spot Bitcoin ETF could potentially support Bitcoin's price in the short to medium term.