Bitfinex published its latest report, in which it pointed to Bitcoin's return to the $100,000 mark for the first time in more than three months, showing renewed strength after the price fell 32% from its all-time high in January. Driven by macro bullish factors such as easing tariff tensions and a dovish stance by the Federal Reserve, Bitcoin's breakout echoes a broader shift in risk appetite and has allowed it to outperform stocks. Importantly, the continued inflow of funds into Bitcoin appears to be continuing, as evidenced by the fact that the actual market cap of Bitcoin has reached an all-time high in the past two weeks, with ETF inflows exceeding $920 million. On-chain data also confirms that the number of bitcoins held at a loss has dropped significantly, with more than 3 million bitcoins turning a profit. Coupled with rising spot trading volumes and institutional-led ETF inflows, Bitcoin is now on a structural footing. As long as the macro environment remains supportive, the short-term decline is likely to be quickly digested, strengthening the uptrend and putting BTC in a good position to reach new highs.