ARK Invest: Bitcoin outperformed the S&P 500 in April, and although the price has fallen, it is still in the bull market range

Odaily News ARK Investment Management released its April 2025 Bitcoin Reading Report, which pointed out that inflation, market sentiment and tax data sent mixed signals about the economic outlook, but data showed that Bitcoin prices rose by about 14% in April, outperforming the S&P 500 index.
In addition, the report also mentioned that the current price correction of Bitcoin has not exceeded 30%, and it is still technically in the bull market range. If it falls by 30%, 50% and 70% from the historical highs, the corresponding price levels are approximately US$74,311, US$53,080 and US$31,848 respectively. In addition, the number of unrealized loss bitcoins held by long-term holders (LTH) is close to 3.5 million, the highest level since 2018, indicating that the market may be oversold, and ARK holds a "bullish" view on this. The report also mentioned that the current profitable supply ratio of Bitcoin does not exceed 68%, which is far lower than the level of more than 80% at the historical top, indicating that the market has not yet shown signs of irrational prosperity. Overall, the on-chain data reflects that the market is in a healthy consolidation phase. (ARK Invest)