Bitfinex Blog/
Profit-taking Becoming Exhausted as BTC Continues to Hit Resistance
Bitcoin is showing signs of reduced selling pressure as profit-taking capacity among both long-term and short-term holders appears exhausted. Recent price action has been supported by significant spot ETF inflows, while the market exhibits a decoupling from equities, which are currently pressured by rising Treasury yields.
medium impactbullishBTC
Why It Matters
The exhaustion of profit-taking and the return of spot ETF demand suggest a potential shift in supply dynamics, as sellers are increasingly forced to realize losses rather than take profits, potentially creating a floor for the price.