Bitcoin Stabilizes as Market Sentiment Improves
According to the latest Alpha report from Bitfinex, Bitcoin has started to stabilize after falling to around $60,000 in early February, signaling a positive shift in market sentiment.
Improving Macroeconomic Conditions
The changing macroeconomic landscape has brought new momentum to the crypto market. With interest rate markets repricing expectations, there are increasing signs that rate cuts could occur as early as April, with a total of three possible cuts by 2026, boosting optimism across the sector.
Derivatives Market Returns to Normal
In the derivatives space, funding rates have returned to normal levels, and implied volatility has dropped below 50, indicating a more stable and mature market environment.
Long-Term Holders Re-accumulate
Notably, the supply of Bitcoin held by long-term investors has risen back to 14.3 million after months of decline. This shift suggests that savvy investors are taking advantage of lower prices to buy the dip, laying the groundwork for a stronger market ahead.