ARK Invest's recent report points to a continuing bullish trend for Bitcoin (BTC). The report highlights that BTC rose 14% last month, exceeding the performance of the S&P 500. Despite mixed signals from inflation data and general investor sentiment, ARK Invest believes Bitcoin is maintaining its bullish momentum. They note that the current correction from its high is less than 30%, indicating it remains within bull market parameters. Furthermore, the report emphasizes that long-term Bitcoin holders (LTH) are currently holding approximately 3.5 million BTC in an unrealized loss state. This is the highest level since 2018, suggesting that the market is potentially in an oversold position. This could indicate strong support and potential for future price appreciation, reinforcing the expected Bitcoin bullish trend. ```

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