Bitfinex Report: Bitcoin Bull Market Returns

CoinRank News: Bitfinex published its latest report, which pointed out that Bitcoin returned to the $100,000 mark for the first time in more than three months, showing new strength after falling 32% from its all-time high in January. Driven by macro-positive factors such as easing tariff tensions and the Federal Reserves dovish stance, Bitcoins breakthrough echoed the broader shift in risk appetite and enabled it to outperform stocks. Importantly, the momentum of funds flowing into Bitcoin seems to continue, as reflected in the past two weeks, when Bitcoins actual market value hit a record high and ETF inflows exceeded US$920 million. On-chain data also confirmed that the number of Bitcoins held at a loss has dropped significantly, with more than 3 million Bitcoins making profits. Coupled with the rise in spot trading volume and institutional-led ETF inflows, Bitcoin is now on a solid structural footing. As long as the macro environment remains supportive, short-term declines are likely to be quickly digested, thereby strengthening the upward trend and putting BTC in a favorable position to hit new highs.