Bitcoin Stuck In 90-Day Consolidation Range: This Juncture Is Critical, Bitfinex Analysts Say
Bitcoin (CRYPTO: BTC) has been stuck in a range between $91,000 and $102,000 for over 90 days, with market momentum struggling to break out, according to a report from Bitfinex.
Analysts describe the situation as a “critical juncture,” as the asset faces multiple macroeconomic and industry-specific pressures.
What Happened: Over the past week, Bitcoin exhibited high volatility, particularly on Feb. 21, when its price dropped 4.7% to nearly $95,000 following news of the Bybit hack and a sell-off in S&P 500 options expiry.
Despite recovering over the weekend, Bitcoin has yet to retest its all-time high from earlier in 2025.
The report highlights a slowdown in institutional demand, with Bitcoin ETF inflows turning into net outflows.
Feb. 20 alone saw $360 million withdrawn from Bitcoin ETFs, reversing a trend that had peaked at …