Bitcoin Stays Range-Bound Between 84k and 91k as 7 Million BTC Remain in Unrealized Loss and Spot Demand Weakens, Bitfinex Warns
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
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COINOTAG News summarizes a Bitfinex note: Bitcoin faces subdued spot demand amid a fragile structure, with market stabilization but no durable recovery. After a rebound, BTC remains range-bound roughly between $84,000–$91,000 as the S&P 500 trends toward record highs, signaling growing decoupling from risk assets.
On-chain data show more than 7 million BTC in unrealized losses, echoing early-2022 consolidation and underscoring the challenge to reclaim true market value—a threshold between a soft mid-cycle and bear deterioration.
Capital inflows remain mildly positive, providing a thin cushion, but spot demand has deteriorated: the U.S. Bitcoin ETF continues to produce outflows, active buying wanes, and the trading-volume delta on major exchanges has turned negative, signaling selling into rallies rather than accumulation.