Odaily Planet Daily News ARK Investment Management released a Bitcoin reading report for April 2025, which pointed out that the economic outlook signals sent by inflation, market sentiment and tariffs were mixed, but data showed that the price of Bitcoin rose by about 14% in April, outperforming the S&P 500 index and rebounding quickly from the market panic caused by tariffs.
In addition, the report also mentioned that the current price correction of Bitcoin has not exceeded 30%, and it is still in the bull market range technically. If it falls by 30%, 50% and 70% from the historical high, the corresponding price levels are about US$74,311, US$53,080 and US$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 profitable supply ratio of Bitcoin does not exceed 68%, which is far lower than the level of more than 80% at the historical top, indicating that the market has not yet shown signs of irrational prosperity. Overall, on-chain data reflects that the market is in a healthy consolidation phase. (ARK Invest)