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Bitfinex Alpha: Bitcoin Price Likely to Consolidate Unless Major Macroeconomic Events or Positive Factors
Summary: According to reports from Bitfinex Alpha, the recent narrowing trend in Bitcoin prices reflects a cooling in on-chain activity and derivative trading activity, with spot trading volume decreasing, buy-side pressure weakening, and open interest decreasing, highlighting a shift from an aggressive upward phase to a range-bound phase. The realized price for short-term Bitcoin holders is ...
According to reports from Bitfinex Alpha, the recent narrowing trend in Bitcoin prices reflects a cooling in on-chain activity and derivative trading activity, with spot trading volume decreasing, buy-side pressure weakening, and open interest decreasing, highlighting a shift from an aggressive upward phase to a range-bound phase. The realized price for short-term Bitcoin holders is around $98,700, which has become a key structural support level. Historically, the third quarter is the weakest quarter for Bitcoin performance, with an average return rate of only 6.03%, significantly lower than the second quarter's 27.12%, and typically lower volatility. This seasonal pattern, combined with the current technical outlook, suggests that the Bitcoin price is likely to continue consolidating unless major macroeconomic events or positive factors related to ETFs break this pattern.
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Link: Bitfinex Alpha: Bitcoin Price Likely to Consolidate Unless Major Macroeconomic Events or Positive Factors [Copy]
