Bitfinex report: Still optimistic about Bitcoin performance in the second quarter

Odaily News Bitfinex released a report stating that although the BTC/S&P 500 ratio has soared to within 5% of its all-time high, indicating relative strength, the market has now sold off. The stock market is severely oversold, and a short-term rebound may compress this spread in the medium term. However, short-term financing and open interest trends also indicate that BTC is about to fluctuate. Nevertheless, structurally, it seems that the foundation is being laid for outstanding performance in the late second quarter. As macro volatility cools, ETF inflows resume, and the sovereign narrative re-emerges, Bitcoin may further decouple from stocks and regain its leadership in global risk assets.