According to Gracie Lin, CEO of OKX Singapore, Bitcoin (BTC) rebounded to over $107,000 as Middle East tensions eased, fueling a risk-on rally across crypto markets. Lin stated that institutional inflows, including ProCap's $386 million BTC purchase, supported the surge, and upcoming U.S. GDP and unemployment data could drive volatility. QCP Capital added that BTC is evolving into a macro asset, potentially rivaling gold in market capitalization.

According to @MilkRoadDaily, Bitcoin ($BTC) is increasingly being seen as a macro asset, indicating a shift in its trading dynamics. They suggest that while current market conditions may show further decline, there is potential for a market recovery in Q2, which traders should closely monitor.

According to Omkar Godbole (@godbole17), Bitcoin is currently behaving as a macro asset, reacting to significant economic data and changes in monetary and fiscal policies. Traders are closely watching for Powell's testimony and Wednesday's CPI data, which could influence Bitcoin's price movements.