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Bitfinex Report: Crypto Market May Be in the Late Stage of Correction, September Could Become a Cyclical Low
2hours ago

Odaily Planet Daily reports that Bitfinex Alpha reports that Bitcoin has fallen below $110,000, down over 13% from its all-time high of $123,640. While this decline is technically significant, historical decline patterns and seasonality suggest the market is in the late stages of a correction. Currently, altcoin market capitalization is stagnating, and any volatility in altcoins suggests a rotation rather than expansion. With seasonally subdued ETF inflows and speculative excess gradually fading, September could mark a cyclical low, after which structural drivers will reassert themselves and drive a recovery in the fourth quarter. Beyond these macroeconomic shifts, regulatory and cryptocurrency market developments highlight broader financial support for the asset class.