Báo cáo của Bitfinex: Bitcoin bị kẹt giữa các mức quan trọng trong cấu trúc "Ngừng áp lực bán, khối lượng mua chưa được xác nhận"

The Huoxing Finance report, citing Bitfinex Alpha, indicates that Bitcoin has held its low of $59,200 after multiple tests and rebounded 3.54% this week to close at $65,655. This rally has been driven more by exhausted selling pressure than by new demand, as open interest in futures contracts has significantly declined from its May high. Short-term holders have been selling at a loss, and exchange balances have dropped to a seven-year low, signaling that the market has entered a phase of阶段性 deleveraging and selling pressure release. Short-term holders remain generally in a floating loss of approximately 17%–19%, indicating continued substantial potential upside selling pressure. Currently, Bitcoin is trapped between two key levels: support near the cycle realized price of $54,000 below, and resistance near $68,000 from short-term holder break-even pressure. The market exhibits a structure of “selling pressure paused but buying pressure unconfirmed.”