Analysis “BTC Must Hold 95,000 Dollars To Sustain Bullish Trend…Third Quarter Direction Will Be Determined”

An analysis has emerged that Bitcoin must maintain the average purchase price of short-term holders at 95,000 dollars to continue the upward trend. Cryptocurrency exchange Bitfinex, through the weekly report 'Bitfinex Alpha', stated that “short-term holders have realized profits amounting to approximately 11.4 billion dollars over the past month,” diagnosing that this could lead to a temporary oversupply phenomenon.

However, the report predicted that “as there is an inflow of funds through Spot ETF, and a generally mature market structure with low volatility and premium formation is taking place,” the bullish trend of Bitcoin may be maintained when macroeconomic uncertainty is resolved.

Especially, citing the average entry price of short-term holders at 95,000 dollars as a core indicator for the market, it analyzed that whether this price range can be maintained as a support level will be crucial for future trend decisions. If it falls below this price, the selling pressure might expand and break the upward flow, whereas confirming support might open the possibility for an additional rally in the third quarter.

Bitfinex added that “while the process of absorbing the realized short-term profit sales goods is underway, the market will re-establish a demand base,” and “the price trend over the next few weeks will be a watershed distinguishing whether Bitcoin has already formed a peak, or if it is the prelude to a stronger rise.”