Bitcoin Decouples While Range Holds, Bitfinex Alpha Says Market Reaction Matters

TL;DR

• Bitcoin continues trading between $62,000 and $65,000 despite several attempts to break below support, showing that buyers continue to absorb selling pressure while overall spot market liquidity remains limited.
• According to Bitfinex Alpha, the market’s reaction to selling events matters more than the events themselves. Recent spot Bitcoin ETF inflows comfortably offset Strategy’s disclosed Bitcoin sale, helping stabilize prices.
• Derivatives and options data indicate traders still expect consolidation, although demand for downside protection has increased ahead of September as macroeconomic uncertainty continues to influence sentiment.
  

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Bitcoin decouples while range holds as traders focus less on isolated price swings and more on how the market absorbs selling pressure. The latest Bitfinex Alpha report argues that Bitcoin remains resilient despite macroeconomic headwinds, corporate selling, and cautious positioning in derivatives markets. Instead of confirming a new bearish trend, recent price action continues to reinforce the importance of the long-standing $62,000-$65,000 trading range.

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