Bitfinex: Bitcoin Rally Dey Comot for Profit-Taking and ETF Flow
Bitfinex analysts dey warn say Bitcoin wen dey run up for almost three months, wey don go up 41% since April 9, dey lose momentum. On-chain metrics and order flow show say buying pressure and spot trading volume dey fall, plus short-term holders—especially those wey buy under $80,000—dey take profit. These signs mean say we fit dey enter consolidation phase or local peak, no be sustained acceleration.
But institutional demand from US spot Bitcoin ETFs still strong. ETF don get 14 days straight of inflows reach $4.63 billion, including $2.2 billion last week. Traders need watch Federal Reserve rate decision on July 30 well, cos e fit affect ETF flows and Bitcoin price.
Even with short-term gbege, higher-timeframe support dey hold. If ETF demand continue steady, e fit bring back uptrend, but long-term holders selling fit stop the gains. Traders suppose dey monitor on-chain indicators, ETF flow data, and order book dynamics to sabi if momentum go strong again or if bigger pullbacks dey come.
Neutral
Di report dey point out say different forces dey balance each other: buying pressure dey fall, spot volume don reduce, plus short-term holders dey collect profit, wey show say Bitcoin get small chance to go up short-term. But on the other hand, strong institutional demand through ETF money wey dey enter and solid long-term support level show say better things fit happen. These mixed signs mean say market likely go cool down for now, no clear up or down move, so market go stay neutral.