Investors are increasing their Bitcoin holdings, signaling a recovery in market sentiment, according to Bitfinex Alpha's latest analysis. After Bitcoin's price dipped to a local low of around $60,000 in early February, it has begun to stabilize. This stabilization is supported by a more favorable macroeconomic environment and market expectations of three potential interest rate cuts in 2026, with a possible rate cut in April. In the derivatives market, funding rates have normalized, and implied volatility has decreased to below 50. The supply of Bitcoin held by long-term investors has risen to 14.3 million coins, reversing a months-long decline. This trend suggests that investors are capitalizing on the recent price weakness to increase their Bitcoin holdings.