Bitfinex report: BTC consolidates in the $100,000 range, but the market shows signs of stabilization

Odaily Planet Daily Report Bitfinex published an analysis, last week, Bitcoin hit a new all-time high, breaking through $100,000 for the first time, reaching a new high of $104,000. This marks a 111% increase from the summer low of below $50,000. However, after the rebound, there was a significant 14.84% correction, including a rapid 10% drop in just eight minutes, which is the largest correction from the current all-time high since the sell-off before the US election. This correction triggered over $1.1 billion in liquidations, of which $419 million were Bitcoin long positions, highlighting the high leverage in the market. Although the market has been highly volatile, signs of stabilization are emerging. The realized profit metric reached a peak of $10.5 billion per day, but has now dropped to $2.5 billion, easing the selling pressure. Futures funding rates have also normalized, indicating a decrease in speculative leverage. Although ETF inflows slowed slightly over the weekend, in the context of continued profit-taking by long-term holders, ETF inflows remain a key source of support. With Bitcoin consolidating above $100,000, the medium-term outlook remains bullish, and further upside is possible as funding rates normalize and selling pressure eases, as long as ETF inflows continue to increase. Additionally, the Federal Reserve is evaluating potential policy shifts under the new administration, while the economy remains supported by a resilient labor market and stable consumer demand. However, the uneven recovery across industries calls for cautious optimism.