Bitcoin Consolidation Triggers Profit-Taking Concerns: Bitfinex Signals Caution

Bitcoin’s price currently hovers around $111,880, consolidating after a significant surge, according to Bitfinex Alpha. This consolidation phase is deemed healthy by the platform, but analysts warn about potential profit-taking risks amid Bitcoin’s impressive gains. The report attributes this stability to ETF inflows, robust spot market activity, and positive net realized cap growth.