Bitfinex report: BTC consolidates in the $100,000 range, but the market shows signs of stabilization

Bitfinex published an analysis that last week, Bitcoin hit a record high, breaking $100,000 for the first time and setting a new all-time high of $104,000. This marks a 111% increase in Bitcoin from its low of less than $50,000 in the summer. However, the rebound was followed by a sharp correction of 14.84%, including a rapid drop of 10% in just eight minutes, which was the largest correction of Bitcoin from its current all-time high since the sell-off before the US election. The pullback triggered more than $1.1 billion in liquidations, including $419 million in Bitcoin long positions, highlighting the leverage level of the market. Despite the volatility in the market, signs of market stabilization are emerging. The realized profit indicator once peaked at $10.5 billion per day, but has now fallen to $2.5 billion, easing seller pressure. Futures financing rates have also normalized, indicating a decline in speculative leverage. Although ETF inflows slowed slightly over the weekend, they remain a key source of support against the backdrop of continued profit-taking by long-term holders. As Bitcoin consolidates above $100,000, the medium-term outlook remains bullish, with further upside potential as long as ETF inflows continue to increase as funding rates normalize and sell-side pressure slows. In addition, the Federal Reserve is evaluating possible policy shifts under the new administration, while the economy remains supported by a resilient labor market and solid consumer demand. However, the uneven recovery across sectors suggests a need for cautious optimism.