Bitfinex Blog/
Chart Decoder Series: Volume Profile – Where the Market Actually Trades
BTC broke above $79K, driven by institutional demand and ETF inflows, though current trading remains above the established value area of $74K-$76K.
medium impactbullishBTC
Why It Matters
The price breakout is supported by institutional absorption and a short squeeze, but the lack of volume at current highs suggests the market is testing higher prices rather than establishing them as fair value.