Bitcoin’s Strength Endures Despite Pullback

Despite a significant pullback from its record high of $111,880, Bitcoin remains resilient, according to Bitfinex analysts. The report highlights the influence of macroeconomic pressure on crypto prices, with concerns over rising Treasury yields and risk-off sentiment impacting both stocks and Bitcoin. While a correction appears to be taking place due to leverage unwinding and profit realization following a dramatic rally, Bitfinex suggests that Bitcoin’s structural strength remains intact.