According to Odaily, ARK Investment Management released its April 2025 Bitcoin report, highlighting mixed signals from inflation, market sentiment, and tariffs regarding economic prospects. The report indicates that Bitcoin's price rose by approximately 14% in April, outperforming the S&P 500 index and quickly rebounding from tariff-induced market panic. Additionally, the report notes that Bitcoin's current price correction has not exceeded 30%, technically remaining within a bull market range. If Bitcoin were to fall 30%, 50%, and 70% from its historical high, the corresponding price levels would be approximately $74,311, $53,080, and $31,848, respectively.
Furthermore, the number of unrealized loss Bitcoins held by long-term holders (LTH) is close to 3.5 million, the highest level since 2018, suggesting the market may be oversold. ARK maintains a bullish outlook on this data. The report also mentions that the current profitable supply ratio of Bitcoin has not exceeded 68%, significantly lower than the over 80% level seen at historical peaks, indicating no signs of irrational exuberance in the market. Overall, on-chain data reflects that the market is in a healthy consolidation phase.
