Bitfinex report: Bitcoin's recent pullback may be a healthy reset, not a collapse

Odaily Planet Daily News Bitfinex Alpha reports that Bitcoin is experiencing its first major correction since its April lows, after surging 50% from $74,501 to a record high of $111,880 before retreating. The pullback reflects a change in the market's rhythm, after nearly 50 days of continuous gains with a small pullback. The pullback is not just technical, but comes amid macroeconomic pressures after the U.S. government unexpectedly restored tariffs, causing the 30-year U.S. Treasury yield to break through 5%, and high risk aversion. Despite the pullback, Bitcoin's structure remains strong, and this pullback appears to be a healthy reset rather than a collapse, driven by leverage write-offs and profit realization after one of the strongest recoveries in cryptocurrency history. In addition, the cryptocurrency industry may also experience a wave of major developments in companies, regulators, and even global finance.