Bitcoin is currently trading within a range of $106,000 to $116,000, reflecting weak institutional demand and ongoing distribution among long-term holders, according to Bitfinex Alpha. The cryptocurrency has shown limited movement as market participants await clearer signals. The lack of strong buying interest from institutions has contributed to this range-bound behavior. Additionally, long-term holders appear to be distributing their assets, which may further impact Bitcoin’s price stability.
The prevailing calmness in the market suggests that investors are cautious, leading to a lack of volatility in Bitcoin’s price action. As traders monitor the situation, the focus remains on whether significant demand will emerge to push prices beyond the current range.
Market analysts continue to observe these dynamics closely, as any shifts in institutional interest could alter the current trajectory. For now, Bitcoin remains in a consolidation phase, with traders awaiting potential catalysts to drive movement.
