Bitcoin’s price recently surged to $94,700, according to Odaily, driven by anticipated easing of U.S.-China tariffs. This move briefly surpassed the critical short-term holder cost basis of $92,900, a threshold often seen as an indicator of a shift from bear market to bull market sentiment. The report indicates that the short-term holder profit/loss ratio has stabilized at 1.0, suggesting that recent buyers are currently breaking even and potentially vulnerable to profit-taking. Additionally, 87.3% of Bitcoin’s supply is currently profitable, up from 82.7% in a similar price environment, indicating approximately 5% of the supply has been exchanged at lower prices recently. Notably, on April 22, the U.S. Bitcoin spot ETF witnessed a record net inflow of $1.54 billion, demonstrating strong institutional interest. However, despite this bullish trend, the futures market funding rate has turned negative, indicating rising short interest and a cautious market outlook.