Consolidation Zone: Bitfinex Analysts Flag $80K as Make-or-Break Level
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Consolidation Zone: Bitfinex Analysts Flag $80K as Make-or-Break Level
"According to Bitfinex's latest report, bitcoin crossed back above the True Market Mean near $78,300 for the first time since mid-January, marking a shift from deep bearish conditions toward a more neutral regime."
"Bitfinex researchers point to $2.1 billion in spot ETF inflows across eight straight sessions, along with continued corporate accumulation led by Strategy, as the institutional force holding the bid."
"Short-term holders who accumulated bitcoin in the $60,000 to $70,000 range are now approaching their breakeven zones, and as the price climbs toward $80,000, those holders are taking profits."
"Analysts describe the current dynamic as absorption rather than expansion, a phase where strong inflows are meeting equally strong exits, indicating that a decisive close above $80,000 is required for a more durable bullish structure."
Bitcoin has crossed above the True Market Mean near $78,300, indicating a shift from bearish to neutral conditions. Spot ETF inflows reached $2.1 billion over eight sessions, driven by corporate accumulation. However, short-term holders are selling into strength as they approach breakeven, creating sell-side pressure that limits upward movement. Analysts suggest that the current market dynamic reflects absorption rather than expansion, with strong inflows countered by significant exits. A decisive close above $80,000 is necessary for a more sustainable bullish trend.
Read at news.bitcoin.com
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