crypto-economy.com
- Bitcoin recorded a correction after hitting highs above $93,000, retreating toward its prior consolidation zone.
- Bitcoin’s market share dropped two percentage points over the past week, settling near 58%.
- Daily trading volume across major altcoins saw a 35% surge over the last 72 hours.
Bitfinex’s weekly report points out that Bitcoin could consolidate its price within the $77K–$81K range over the coming sessions. Exchange analysts note that this movement comes in response to a redistribution of liquidity toward the alternative asset sector.
After touching historic levels midway through the month, Bitcoin’s price faced strong resistance. According to the Bitfinex Alpha report, profit-taking by short-term holders increased selling pressure across major spot order books.
This slowdown in the pioneer cryptocurrency coincided with a capital rotation into mid- and high-cap tokens. Data from the report reveals that the implied volatility index for options contracts tied to Ethereum and Solana surpassed Bitcoin’s by 12% over the past seven days.
Liquidity Rotation and Institutional Technical Support
The prior transactional floor, located between $77,000 and $81,000, concentrates a significant volume of institutional buy orders executed during the latest accumulation phase. The Bitfinex research team noted that this band represents average cost-basis support for the exchange-traded funds (ETFs) approved earlier this year.
A decline toward these levels would help absorb the excess leverage accumulated in the derivatives market. Funding rates on perpetual futures platforms cooled from 0.04% daily to neutral levels near 0.01% following the recent pullback.
Meanwhile, the altcoin market absorbed part of the outflow from closed positions in Bitcoin. CoinGecko metrics cited by Bitfinex show that global market capitalization excluding Bitcoin increased by 8% over the past week.
Analysts in the report explain that this behavior mirrors typical phases of previous bull cycles. Historically, periods of temporary stagnation in Bitcoin’s price have opened windows of outperformance for lower-liquidity assets.
The macroeconomic environment also continues to weigh on order book depth. The U.S. Federal Reserve maintains its benchmark rate in the 5.25%–5.50% range, restricting the global liquidity expansion available for risk assets.
Market attention now turns to the upcoming release of the U.S. Consumer Price Index (CPI) scheduled for next week, a key metric for gauging expectations around monetary policy.