Bitcoin Shows Near-term Fragility as Investors Shift to Altcoins: Bitfinex
Since hitting its all-time high (ATH) over a week ago, bitcoin has been consolidating. Analysts at the crypto exchange Bitfinex say the asset’s structural strength remains intact; however, the bull market is entering a more delicate and reactive phase.
According to the weekly Bitfinex Alpha report, the market is seeing a natural rotation between bitcoin holder cohorts. While this capital rotation reflects a maturing cycle, BTC faces the risk of near-term fragility, especially if demand weakens.
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Bitcoin Shows Near-term Fragility as Investors Shift to Altcoins: Bitfinex
Since hitting its all-time high (ATH) over a week ago, bitcoin has been consolidating. Analysts at the crypto exchange Bitfinex say the asset’s structural strength remains intact; however, the bull market is entering a more delicate and reactive phase.
According to the weekly Bitfinex Alpha report, the market is seeing a natural rotation between bitcoin holder cohorts. While this capital rotation reflects a maturing cycle, BTC faces the risk of near-term fragility, especially if demand weakens.
Read More