Bitfinex report: The crypto market landscape is still affected by factors such as regulatory changes in major economies and financial innovation

According to Odaily Planet Daily, the Bitfinex Alpha report states that Bitcoin fell 5.1% last week, closing at $109,690, while Ethereum fell 10.1% and Solana fell 14.3%, resulting in a 5.9% contraction in the total cryptocurrency market capitalization. Unlike previous cycles, the current cryptocurrency landscape is being influenced by factors such as regulatory changes in major economies and financial innovation. This cycle has experienced three multi-month surges, each of which was accompanied by large-scale profit-taking. Long-term holders now hold 3.4 million BTC, exceeding all previous cycles.