ARK Invest: In April, BTC outperformed the S&P 500, with a price pullback but a quick rebound
ChainCatcher news, ARK Investment Management released a Bitcoin reading report for April 2025, which pointed out that the economic outlook signals from inflation, market sentiment, and tariffs are mixed. However, the data shows that Bitcoin's price rose by about 14% in April, outperforming the S&P 500 index, and quickly rebounded from the market panic triggered by tariffs.The report also mentioned that the current price correction of Bitcoin has not exceeded 30%, technically still in a bull market range. If it drops 30%, 50%, and 70% from the historical peak, the corresponding price levels would be approximately $74,311, $53,080, and $31,848.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 in an oversold state, which ARK views as "bullish." The report also noted that the current proportion of profitable Bitcoin supply has not exceeded 68%, far below the historical peak of over 80%, suggesting that there are no signs of irrational exuberance in the market. Overall, on-chain data reflects that the market is in a healthy consolidation phase.