Bitfinex Alpha report indicates that after the local low of around $60,000 in early February, Bitcoin is beginning to stabilize. Coupled with the macroeconomic environment turning positive, the interest rate market has readjusted its pricing, with expectations of three rate cuts by 2026. The likelihood of a rate cut in April is increasing, and the crypto market's optimistic sentiment has started to emerge. In terms of derivatives, funding rates have returned to normal, and implied volatility has narrowed below 50. The supply of Bitcoin held by long-term investors has begun to rise again after months of decline, currently reaching 14.3 million coins. This trend suggests that investors are starting to increase their holdings again during the price weakness. (Gold)#Gate广场发帖领五万美金红包 $BTC