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

Odaily Planet Daily News: Bitfinex has released a report stating that although the BTC/S&P 500 ratio has surged to within 5% of its historical high, indicating relative strength, the market has now experienced a sell-off. The stock market is severely oversold, and a short-term rebound may compress this price difference in the medium term. However, the trend of short-term financing and open interest contracts also indicates that BTC is about to experience volatility. However, structurally speaking, it seems to be laying the foundation for outstanding performance in the later part of the second quarter. With the cooling of macro volatility, the recovery of ETF fund inflows, and the resurgence of sovereign narratives, Bitcoin may further decouple from stocks and regain its leadership position as a global risk asset.