BlockBeats News, June 9th, the Bitfinex Alpha report stated: Driven by spot demand, profit-taking by long-term holders, and macro risk recovery, Bitcoin has seen a typical uptrend. On June 5th, Bitcoin saw its last dip, with a single-day long liquidation amount exceeding $875 million, highlighting the extent of deleveraging.
Over the past week, Bitcoin's total liquidation amount has exceeded $1.9 billion, and the leverage ratio has now been forcibly reset. The technical structure indicates that Bitcoin's uptrend is supported by genuine demand, with the spot market showing a stair-step rise, with key accumulation points at $93,000-96,000 and $102,000-104,000.
As old holders begin to sell off, on-chain indicators currently show increasing selling pressure. In short, Bitcoin is now at a crossroads—balancing between structural support and a waning bullish momentum, with macroeconomics poised to play a role.
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