The bullish expectations for Bitcoin are mainly based on the following six points:

1.

ETF spot market has strong purchasing power, and capital inflows have increased significantly in recent days, reaching $232 million on Thursday.

2.

In a bull market environment, a correction of about 20% is normal, and even if the decline reaches 30%, it is still considered a healthy market adjustment.

3.

The market demand for call options on Bitcoin continues to grow, and coupled with the promotion of Ethereum ETF in May, it is expected to drive up Bitcoin prices.

4.

Bitcoin's funding rate has returned to normal, the funding rate of perpetual contracts remains stable, and the forward market curve has declined, indicating a decrease in the level of leverage.

5.

The upcoming Bitcoin halving event on April 20 has increased the market's attention to Bitcoin.

6.

As the holiday ends, market sentiment is expected to gradually recover, the altcoin market has also begun to rebound, and many currencies are showing an upward trend.

#PDA #Fet #APT #SHIB #sui