According to CoinMeta, Vaneck, the head of digital asset research, Matthew Sigel pointed out that over the past 15 months, Node has led the rise of Bitcoin by nearly 100%, which is due to the early miners' transition to AI data centers. The market shifted from being driven by "high capital expenditures" in May to being penalized starting in June, putting pressure on soft assets such as Bitcoin. AI infrastructure is not a bubble; it relies on long-term private leases and data center backlog support for the rise of enterprise chains, while the L1 winner attributes have weakened. If Clarity Act achieves information disclosure, there could be a significant rebound.