Bitfinex Report: BTC Price Consolidating as Whales Reduce Holdings

The Bitfinex Alpha report notes that Bitcoin is currently still in a narrow consolidation range between $100,000 and $110,000, with market participants awaiting a decisive catalyst to determine the direction. Price action continues to be resisted by the all-time high of $109,590.00 set in January, while Short-Term Holder Realized Price (STH-RP) continues to support between $98,220.00 and $99,474.00. Despite the recent price rebound from levels below $100,000.00, the overall trend has stalled, and the current market landscape reflects a delicate balance: profit-taking pressure has eased, but a lack of sustained momentum suggests that buyers are also hesitant. [Odaily Planet Daily]