Odaily星球日报讯 Bitfinex 发布报告指出，尽管 BTC/S&P 500 比率飙升至历史高点的 5%以内，表明相对强势，但市场现在已经出现抛售。股市正在严重超卖，短期的反弹可能会在中期内压缩这一价差。然而，短期融资和未平仓合约趋势也表明 BTC 即将出现波动。尽管如此，从结构上看，似乎正在为第二季度后期的出色表现奠定基础。随着宏观波动降温、ETF 资金流入恢复以及主权叙事重新出现，比特币可能会进一步与股票脱钩，并重新夺回全球风险资产的领导地位。

Odaily星球日报讯 Bitfinex 发布报告指出，尽管 BTC/S&amp;P 500 比率飙升至历史高点的 5%以内，表明相对强势，但市场现在已经出现抛售。股市正在严重超卖，短期的反弹可能会在中期内压缩这一价差。然而，短期融资和未平仓合约趋势也表明 BTC 即将出现波动。尽管如此，从结构上看，似乎正在为第二季度后期的出色表现奠定基础。随着宏观波动降温、ETF 资金流入恢复以及主权叙事重新出现，比特币可能会进一步与股票脱钩，并重新夺回全球风险资产的领导地位。

Bitfinex报告：对第二季度比特币表现仍持乐观态度

<Odaily> reported that Bitfinex released a report indicating that although the BTC/S&P 500 ratio has surged to within 5% of its historical high point, showing relative strength, the market is now experiencing a sell-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 suggest that BTC is about to experience volatility. Nevertheless, from a structural perspective, it seems to be laying the groundwork for excellent performance in the late second quarter. As macro volatility cools down, ETF fund inflows resume, and sovereign narratives re-emerge, Bitcoin may further decouple from stocks and reclaim its leadership position in global risk assets.

<Odaily> report indicates that although the BTC/S&P 500 ratio has surged to within 5% of its historical high, showing relative strength, the market is now experiencing a sell-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 suggest that BTC is about to experience volatility. Nevertheless, from a structural perspective, it seems to be laying the groundwork for an outstanding performance in the late second quarter. As macro volatility cools down, ETF fund inflows resume, and sovereign narratives re-emerge, Bitcoin may further decouple from stocks and reclaim its leadership position in global risk assets.

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

CoinEx Research's latest report for March 2025 indicates that the crypto market experienced a period of high volatility and consolidation. Bitcoin briefly surged to $95,000 due to Trump's announcement of establishing a "National Bitcoin Reserve" plan, but ultimately retreated to $82,500 as market enthusiasm waned. The overall market was driven by macroeconomic factors. Although Bitcoin still maintains its dominant position, capital flows and central bank policy relaxation suggest that capital may be brewing a shift towards Altcoins. Stablecoin fund inflows reached $6.8 billion, and with regulatory clarity, these factors...

CoinEx Research March Report: Crypto Market Consolidation Signals Emerge

<BTC> recently remained stable amid the volatility caused by tariffs on Nasdaq, which has excited market participants about its potential as a hedge asset.

Nevertheless, bulls may need to pay attention to the bond market, as dynamics similar to the COVID crash in March 2020 seem to be emerging.

Nasdaq, a Wall Street index dominated by tech stocks and positively correlated with <BTC>, has dropped 11% since President Donald Trump announced reciprocal tariffs on 180 countries on Wednesday, escalating trade tensions and triggering retaliatory tariffs from China.

Other U.S. indexes and...

Bitcoin price stability at risk: “Basis trade plummets”

<Odaily> Planet Daily News: Trader Eugene Ng Ah Sio posted on his personal channel, saying, "Today, when Bitcoin was at $75,000, I bought my first batch of spot BTC, which is the first time since we cleared all major positions in January. I'm not saying this is the bottom, but I think we are approaching a price level that makes me willing to accumulate Bitcoin long-term. Anyway, it's almost reached the first target price. There are many pessimistic posts today, which is understandable - many people feel panicked and are experiencing great pain. However, despite what you see online, in most cases, even if we ultimately decline, the market will not continue to fall. I believe we have witnessed an extreme event (especially after a 5% drop in pre-market futures today) that is worth taking action on. If the market continues to decline, I will focus on short-term rebounds in BTC and SOL, make short-term trades, and continue to accumulate more Bitcoin at low points, preparing to hold long-term."