Bitfinex report: BTC price is in consolidation as whales reduce their holdings
2 hours ago
Odaily News The Bitfinex Alpha report states: Bitcoin is still in a narrow consolidation range between $100,000 and $110,000, and market participants are waiting for decisive catalysts to determine the direction. The price trend continues to use the historical high of $109,590 set in January as resistance, while the short-term holder actual price (STH-RP) continues to support between $98,220 and $99,474. Despite the recent rebound in prices from levels below $100,000, the overall trend has stagnated, and the current market structure reflects a delicate balance: profit-taking pressure has eased, but the lack of sustained momentum shows that buyers are also hesitant.
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BTC falls below 108,000 USDT