Bitfinex Alpha | In the Absence of Spot Demand, BTC Is Drifting
Bitcoin’s attempt to break higher has stalled, with the price failing to hold above the $95,000–$98,000 resistance zone and slipping back into its established range. After peaking at $97,850 in mid-January, BTC retraced more than 10 percent, falling below the yearly open as spot buying momentum faded and ETF outflows intensified. The rejection of any
