According to TechFlow, on December 8, Bitfinex Alpha's latest report noted that despite Bitcoin's price recovering from recent lows, it remains trapped in a narrow range between $84,000 and $91,000. The report highlights that Bitcoin is entering a phase where weakening spot demand and structural weakness are converging, indicating a growing decoupling from traditional risk assets. Additionally, U.S. Bitcoin ETFs have seen continuous outflows, with deteriorating buy-side demand, and the cumulative volume change rate on crypto exchanges has turned negative, suggesting traders are selling on strength rather than buying.
Bitfinex Alpha Report: Bitcoin Enters Phase of Weak Spot Demand and Structural Weakness
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