Bitfinex’s recent report reveals Bitcoin has surged past the $100,000 mark for the first time in over three months, marking a potential return to bull market activity. The report highlights an impressive $920 million inflow from institutional ETFs as key drivers behind this rally. Macroeconomic factors, including eased global trade tensions and a dovish Federal Reserve stance, have contributed to Bitcoin’s rebound. 32% decline from its January peak has been overcome with significant support from institutional investors. Bitfinex Alpha analysts suggest that current market performance reflects increased risk appetite as seen by Bitcoin outperforming equity markets, highlighting the asset’s stability.