The Bitfinex Alpha report notes that Bitcoin continues to show impressive resilience, rising more than 10% over the past week, outperforming traditional risk assets such as the S & P 500 Index. After weeks of volatility and low liquidity, Bitcoin has recovered the $94,000 range low - a key sign, as it was this level that underpinned Bitcoin's rally to record highs in January.
In addition, Bitcoin has also now recovered to the short-term cost of holding basis level of around $92,900, a key on-chain pivot point that typically separates the pullback phase from the new bullish momentum. In addition to the positive market structure, the margin indicator has also rebounded to 87.3%, indicating that market health and investor profitability are improving.
Bitfinex Report: Bitcoin Bullish Momentum Begins to Build
2025-04-28 13:06:55
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Bitfinex报告：比特币看涨势头开始形成
