Bitfinex Sees Bitcoin Sitting Above True Market Mean In Narrow Five‑Day Range
TL;DR
- Bitcoin remains above Bitfinex’s True Market Mean near $76,350 after five sessions of tight trading.
- August delivered a 24.9% monthly gain, while Strategy purchased 4,603 BTC for $369.7 million.
- September brings major macro catalysts, including US payrolls, CPI and the Federal Reserve meeting, with rate-hike expectations near 66% and ETF flows becoming an important demand signal.
Bitcoin has held a narrow range above Bitfinex’s True Market Mean (TMM), with the metric near $76,350 and price trading roughly between $76,500 and $79,500 for five sessions. The stability follows a strong August advance and a hawkish signal from Federal Reserve Chair Kevin Warsh at Jackson Hole.
Bitfinex’s latest assessment treats the TMM as a key market pivot. Because it approximates the average cost basis of active investors, holding above the level keeps supply near breakeven instead of forcing widespread loss-taking.
Bitfinex Tracks A Key Bitcoin Cost-Basis Zone
Bitcoin entered September after gaining 24.9% in August from a $62,922 monthly open, according to figures cited by Bitfinex. The move followed a 21.1% rise across three sessions in mid-August, while the latest consolidation has absorbed greater macro uncertainty.
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