Bitcoin News
By Sakamoto Nashi
1 / 15
Bitcoin has entered a period of "healthy consolidation" after recently touching a new all-time high, with its price now hovering below the $111,880 mark.
2 / 15
After a dramatic rally that saw Bitcoin climb over 50% from early April’s lows, the market has taken a breather.
3 / 15
These two seller groups—long-term holders locking in gains and previously underwater wallets exiting positions—have created what Bitfinex refers to as an “overhead supply glut.
4 / 15
Exchange data also suggests that incremental buying has slowed, and perpetual futures markets remain subdued.
5 / 15
One of the key macroeconomic triggers behind Bitcoin’s pullback was former President Donald Trump’s tariff threats against European Union imports.
6 / 15
As fear gripped broader markets, elevated leverage in crypto derivatives led to cascading liquidations, pushing Bitcoin's price below $107,000 in just 36 hours.
7 / 15
While this sudden drop concerned many, Bitfinex analysts called it a "much-needed reset"—a shakeout that removed unstable positions and offered room for organic demand to…
8 / 15
The current price action suggests Bitcoin may trade sideways in the near term, fluctuating between last week’s $106,000 intraday low and the upper band near $111,000.
9 / 15
The report notes that seven consecutive weeks of gains, the longest streak since October 2023, signal strong upward momentum.
10 / 15
Supporting the idea of a cooling market, on-chain metrics reveal that short-term holders (STHs) are realizing substantial profits.
11 / 15
Over the past 30 days, short-term holders have realized $11.4 billion in profits, compared to just $1.2 billion the month before.
12 / 15
Furthermore, the STH Realized Profit/Loss Ratio has climbed to levels typically associated with the final stages of a bull cycle.
13 / 15
While some investors are concerned about a deeper pullback, the Bitfinex report frames this consolidation as a healthy pause—a necessary step before any potential move higher.
14 / 15
Historically, Bitcoin has often followed similar patterns: after reaching a new peak, the price pulls back or stabilizes for several weeks, only to rally again once leverage…
15 / 15
Still, the macro environment remains fragile. Any new geopolitical developments, monetary policy shifts, or fluctuations in ETF flows could affect Bitcoin’s path.
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