Bitfinex Blog/
Chart Decoder Series – Volume Profile Fixed Range: How This Move Was Built
BTC is experiencing downward pressure, breaking below $78K and consolidating around $77K. Analysis using Volume Profile indicates a shift in value from the $78K-$83K range to a new equilibrium around $77K, supported by weakening institutional demand and negative ETF flows.
medium impactbearishBTC
Why It Matters
The shift in the Point of Control (POC) and the formation of a new high-volume node at lower price levels suggest the market is repricing rather than experiencing a temporary dip.