According to online reports, ARK Investment Management released the April 2025 Bitcoin Reading Report, which pointed out that inflation, market sentiment and tariffs sent mixed economic outlook signals, but data showed that Bitcoin prices rose by about 14% in April, outperforming the Standard & Poor's 500 Index and quickly rebounded from market panic triggered by tariffs. The report also mentioned that Bitcoin's current price correction has not yet exceeded 30%, and it is still technically in a bull market range. If a fall of 30%, 50% and 70% from historical highs, the corresponding price levels would be approximately $74,311,$53,080 and $31,848 respectively. In addition, the number of unrealized loss bitcoins held by long-term holders (LTH) is close to 3.5 million, the highest level since 2018, indicating that the market may be oversold, and ARK holds a "bullish" view on this. The report also mentioned that the current profit supply ratio of Bitcoin does not exceed 68%, far below the level of more than 80% at the historical peak, indicating that the market has not shown signs of irrational prosperity. Overall, on-chain data reflects that the market is in a healthy consolidation stage.