Bitfinex analyst: Bitcoin may have reached a local high, and some traders are starting to take profits
2025-07-01 03:59:05
According to Cointelegraph, Bitfinex analysts said that Bitcoin's nearly three-month rally may be losing momentum as buying pressure fades and more and more traders start to take profits. For the first time in this uptrend, the upward momentum has begun to weaken. However, analysts also warned that from the perspective of order flow and on-chain indicators, Bitcoin may be entering a volatile consolidation period, or has approached local highs, rather than continuing to show vertical acceleration. Spot trading volume has fallen back, active buying pressure has weakened, and profit-taking behavior has intensified - especially those short-term holders who have held all the way from below $80,000.
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