Bitcoin Market Stabilizes and Conditions Align for Potential Recovery: Bitfinex Alpha

The end of September is roughly two weeks away, but the Bitcoin market is already showing signs of ￰0￱ (BTC) has rebounded from its recent lows and reclaimed levels that now serve as a base of ￰1￱ at the crypto exchange Bitfinex disclosed in this week’s Alpha report that market conditions are aligning for a renewed push once September’s negative seasonality comes to an ￰2￱ rebound is also evident in the total crypto market cap, which has increased 4.8% this week to well over $ trillion, adding $180 ￰3￱ Conditions Are Aligning According to Bitfinex, BTC closed the past week at a 4.2% increase, breaking a three-week ￰4￱ asset has reclaimed the $112,500 level after defending the lower end of a key support zone near $107,500.

At the time of writing, the cryptocurrency was worth $115,550, representing a 2.2% increase over the last seven ￰5￱ BTC reclaiming and holding its current levels, they now serve as support for a technical backdrop that could strengthen recovery into the fourth ￰6￱ dynamic aligns with Bitfinex’s prediction that the market correction is nearing completion in the short ￰7￱ is worth mentioning that bitcoin’s rebound was supported by on-chain buy pressure and a structure that reflected the “buy-the-dip” strategy among ￰8￱ is evident in the Cost Basis Distribution (CBD) metric, which tracks the concentration of supply across acquisition ￰9￱ Are BTC Investors Faring?

As bitcoin’s momentum faded after reaching its current all-time high (ATH), the asset fell below the cost basis of recent top buyers and plummeted into the $108,000 – $116,000 air ￰10￱ that BTC is recovering and supply is redistributing, it has gradually filled the ￰11￱ asset now trades at the upper edge of the range, near $116,000, which remains a resistance level until it is ￰12￱ BTC makes a sustained move above $116,000, it will likely witness a more meaningful ￰13￱ the market awaits the next move, experts have analyzed how different Bitcoin investor cohorts behaved during the rebound from $108,000 to $114,000. Long-term holders remained steady and bought the dip, while short-term holders were the primary source of selling ￰14￱ three-to six-month cohort locked in roughly $189 million in daily profits on a 14-day moving average ￰15￱ represented about 78% of all short-term holder profits within that time frame.