Bitfinex report: BTC price is in consolidation as whales reduce their holdings

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ODAILY
07-07
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Planet News: The Bitfinex Alpha report points out that Bitcoin is currently trading in a narrow range between $100,000 and $110,000, with market participants waiting for a decisive catalyst to determine direction. The price trend continues to be constrained by the historical high of $109,590 set in January, while the Short-Term Holder Realized Price (STH-RP) provides continuous support between $98,220 and $99,474. Despite the recent price rebound from levels below $100,000, the overall trend has stagnated, and the current market landscape reflects a delicate balance: selling pressure has somewhat eased, but the lack of sustained momentum indicates that buyers are also hesitant.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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