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Bitfinex Report: BTC Price Consolidates as Whales Reduce Holdings
Summary: According to reports from Bitfinex Alpha, Bitcoin is currently trading in a narrow range between $100,000 and $110,000, with market participants awaiting decisive catalysts to determine direction. The price continues to face resistance at the historical high of $109,590 set in January, while short-term holders are finding support between $98,220 and $99,474. Despite a recent ...
According to reports from Bitfinex Alpha, Bitcoin is currently trading in a narrow range between $100,000 and $110,000, with market participants awaiting decisive catalysts to determine direction. The price continues to face resistance at the historical high of $109,590 set in January, while short-term holders are finding support between $98,220 and $99,474. Despite a recent bounce back from levels below $100,000, the overall trend has stalled, reflecting a delicate balance in the market: profit-taking pressure has eased, but a lack of sustained momentum indicates buyers are also hesitant.
