{"id":31103,"date":"2025-06-10T12:16:40","date_gmt":"2025-06-10T12:16:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31103"},"modified":"2025-06-10T12:16:40","modified_gmt":"2025-06-10T12:16:40","slug":"bitcoin-at-a-crossroads-as-long-term-holders-continue-to-take-profits-bitfinex","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31103","title":{"rendered":"Bitcoin at a Crossroads as Long-term Holders Continue to Take Profits: Bitfinex"},"content":{"rendered":"
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Bitcoin (BTC) is currently at a crossroads, facing the risk of a further correction or a breakout beyond its latest all-time high (ATH) of approximately $111,980.<\/p>\n

Analysts at the cryptocurrency exchange Bitfinex say<\/a> the asset is awaiting its next macroeconomic cue while maintaining a balance between structural support and waning bullish momentum. The coming days will determine if BTC is entering a broader consolidation phase or if the rally will resume. This largely depends on how bitcoin\u2019s price interacts with certain thresholds marked by on-chain pricing models.<\/p>\n

Bitcoin at a Crossroads<\/h2>\n

Last week, BTC experienced an intense correction fueled by a public dispute between U.S. President Donald Trump and billionaire businessman Elon Musk. Their feud triggered<\/a> high volatility that exacerbated market uncertainty.<\/p>\n

On June 5, BTC fell to a local low of $100,420, triggering $900 million in long liquidations across the crypto market. This marked the largest single-day liquidation since April. In eight days, total long liquidations surged to more than $1.9 billion, creating an aggressive shakeout that helped clear excessive leverage from the system.<\/p>\n

The wave of aggressive deleveraging reset positioning and potentially paved the way for more stable price action in the coming weeks.<\/p>\n

However, with long-term BTC holders still distributing their assets and realizing profits<\/a>, analysts believe the risk of short-term correction will continue to grow. This risk is intensified by the absence of a strong catalyst to push BTC above its current ATH.<\/p>\n

Key BTC Support Zones<\/h2>\n

Since bullish momentum is still stalling, Bitfinex has used on-chain pricing models to identify potential support areas in the event of further correction. The $114,800 (upper bound), $97,100 (mean), and $83,200 (lower bound) levels show the range of short-term sentiment. Analysts believe BTC will consolidate if its price remains sustained within this range, while a breakout will determine the asset\u2019s direction.<\/p>\n

If BTC rallies above $114,800, then there would likely be a renewed momentum-driven leg higher, which will be supported by spot demand. A decline below $97,100, particularly below $95,600, would signal cooling sentiment and a possible fall to $83,000.<\/p>\n

Meanwhile, on-chain data has highlighted the $103,700, $97,000, and $83,000 levels as key support zones in the coming days.<\/p>\n

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\u201cHow the price interacts with these thresholds in coming days will offer a high-signal view on whether the rally resumes\u2014or if we\u02bcre entering a broader consolidation phase,\u201d Bitfinex stated.<\/p>\n<\/blockquote>\n

The post Bitcoin at a Crossroads as Long-term Holders Continue to Take Profits: Bitfinex<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) is currently at a crossroads, facing the risk of a further correction or a breakout beyond its latest all-time high (ATH) of approximately $111,980. Analysts at the cryptocurrency exchange Bitfinex say the asset is awaiting its next macroeconomic cue while maintaining a balance between structural support and waning bullish momentum. The coming days […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-31103","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31103"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31103\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}