Based on the most recent analysis released by the cryptocurrency platform Bitfinex, Bitcoin’s price is likely to remain within a consolidation phase, fluctuating between $60,000 and $69,000—a range identified as an accumulation zone.
The report highlights that the market correction observed on February 5th represented the most significant downturn in this cycle so far. It points out that volatility has diminished and momentum has slowed down considerably. This suggests a transition from a period dominated by sharp liquidations to one characterized by more balanced market dynamics.
On-chain metrics reveal that much of the recent price drop was absorbed within the demand band of $60,000 to $69,000. Investors who entered positions at these levels are reportedly near their break-even points and are refraining from triggering further selling pressure. This behavior appears to have contributed to stabilizing Bitcoin’s price and fostering sideways movement.
From an institutional perspective, signs of recovery remain elusive. Last week saw approximately $166 million withdrawn from Bitcoin exchange-traded funds (ETFs), while redemptions in Ethereum-related products continued unabated. Although minor inflows toward week’s end hinted at short-term steadiness, overall liquidity conditions stayed subdued.
The report also notes that the realized profit-to-loss ratio is narrowing towards historically conservative thresholds, with limited capital expansion occurring across the network. Derivative market positions have normalized and funding rates hover around neutral or slightly negative values. This environment reduces liquidation risks but simultaneously curtails chances for rapid upward price surges.
For a robust breakout to materialize sustainably, there must be a marked increase in spot market demand alongside enhanced participation from institutional investors. Without these factors aligning, Bitcoin is expected to persist within its current consolidation corridor.
This content does not constitute financial advice.