On April 28, Bitfinex released a report saying, "Bitcoin continues to show strong resilience, up more than 10% in the past week, outperforming traditional risk assets such as the S&P 500. After weeks of volatile markets and low liquidity, Bitcoin re-established the $94,000 range low - a key position that once supported Bitcoin's all-time high in January this year. The rebound was backed by a shift in macro sentiment, especially the optimistic expectations of the U.S. government's possible tariff reduction measures, triggering a rebound in overall risk appetite in the global market.

Bitcoin is also re-established at the Short-Term Holder Cost Basis level, at about $92,900. Key indicators in this chain are usually seen as an important dividing line between the correction stage and the re-entering of the bull market momentum. At the same time, the Percent Supply in Profit indicator also rebounded to 87.3%, indicating that market health has improved and investors' profits have increased.

The coming weeks will be crucial. At present, market sentiment has not reached an extremely excited level. Whether Bitcoin can stabilize its current growth in the next few weeks will determine whether it can start a new round of rise, hit a historical high, or whether there will be a new round of correction. "