The research arm of a top crypto exchange thinks Bitcoin ( BTC ) could be losing momentum. In a new research report , Bitfinex notes that BTC’s broader market structure remains healthy, with longer-term support levels still standing. Current data, however, suggests the top crypto asset is heading into a transition phase, according to the exchange. “Both order flow data and on-chain metrics are now aligning to suggest consolidation or a local top, rather than continued vertical acceleration. Spot volume has cooled, taker buy pressure has weakened, and profit-taking has intensified – especially among short-term holders who rode the move from sub-$80,000 levels.” BTC is trading at $105,864 at time of writing. The top-ranked crypto asset by market cap is down more than 1% in the past 24 hours. Bitfinex’s researchers argue that Bitcoin could witness short-term price upticks but will likely remain range-bound until it sees a significant surge in new demand. “For now, Bitcoin is in a waiting game. Structural positioning remains intact, and there’s no major breakdown risk as long as $94-99,000 holds. But for new all-time highs to be reclaimed, a catalyst, either in the form of macro relief, strong ETF flow momentum, or a breakout in global liquidity, will be necessary.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bitfinex Warns Momentum Fading for Bitcoin, Hints at Local Top Rather Than Vertical Acceleration for BTC appeared first on The Daily Hodl .
