Bitfinex Blog/
The Climb Towards $68,000 Continues
Bitcoin has risen to $66,990, approaching a key resistance zone at $68,000. While the price trend is positive, the recovery is characterized by low trading volumes, low CME futures open interest, and a lack of aggressive spot demand. Simultaneously, Ether has shown relative strength and institutional ETF inflows, though broader altcoin breadth remains limited.
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Why It Matters
The current price increase is occurring on thin liquidity, making the market susceptible to high volatility in either direction. The $68,000 level is a critical decision band for the mid-timeframe uptrend.