Bitfinex analysts: Bitcoin may have hit local highs and some traders are starting to take profits "
According to online reports, according to Cointelegraph, Bitfinex analysts said that Bitcoin's recent three-month rise may be losing momentum because buying pressure weakens and more traders are beginning to take profits. In this round of upward trend, the upward momentum began to weaken for the first time. However, analysts also warned that based on order flow and on-chain indicators, Bitcoin may be entering a period of volatile consolidation or approaching local highs, rather than continuing to show vertical acceleration. Spot trading volumes have fallen, proactive buying pressure has subsided, and profit-taking has intensified-especially among short-term holders who have held from below $80,000 to this day.
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