According to the Bitfinex Alpha report, the Federal Reserve interest rate is expected to be reduced by 25 basis points. BTC is exposed to volatility risk. Over the past week, the BTC ETF recorded a net inflow of $403.90 million, reversing a long-term outflow of funds and indicating renewed investor confidence in the asset. The rally was mainly driven by active buying in the cash market. In contrast, volatility in the futures and perpetual contract markets was less pronounced, indicating that the current price increase is based on real capital inflows rather than speculative leverage, providing a more sustainable basis for the rally. However, BTC is now facing a key resistance level between $60,500 and $61,000, which has been critical since the beginning of March. Although ETF inflows remain strong, there are signs that a stagnation may be coming as spot CVD (the spread between exchange buy and sell orders) flattened over the weekend. Analysts believe that the possibility of market volatility this week is quite high, driven by investors' expectations of the Federal Reserve's decision to cut interest rates. Whether the rate cut is 25 or 50 basis points, it is likely to vacillate between bullish optimism and cautious de-risking. At the same time, bitcoin's correlation with stocks is strengthening, indicating that the movement of traditional financial marekts may have an increasing impact on bitcoin's price. Bitcoin is also decoupled from gold, which hit an all-time high last week, indicating that in a safe-haven environment, investors' preference is shifting towards traditional safe-haven assets.