Bitfinex report: Bitcoin bull market is back
Internet reports that Bitfinex released its latest report, which pointed out that Bitcoin has returned to the US$100,000 mark for the first time in more than three months, showing new strength. The price had fallen 32% from its historical high in January. Driven by macro positive factors such as easing tariff tensions and a dovish stance from the Federal Reserve, Bitcoin's breakthrough echoed broader shifts in risk appetite and allowed it to outperform stocks. Importantly, the continued flow of funds into Bitcoin seems to be continuing, as reflected in the fact that Bitcoin's real market value has hit a record high in the past two weeks, and ETF inflows have exceeded US$920 million. On-chain data also confirmed that the number of bitcoins held at a loss has dropped significantly, and more than 3 million bitcoins have achieved profits. Coupled with the increase in spot trading volume and the inflow of institution-led ETF funds, Bitcoin has now established a solid structural foundation. As long as the macro environment remains supportive, the short-term decline is likely to be quickly absorbed, strengthening the upward trend and putting BTC in a favorable position and expected to hit a new high.
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