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
Read the original report at Bitfinex BlogWhy 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.