Bitfinex Alpha Report: BTC Tests $93,5–95,000 Resistance Zone, Enters Range-Bound Phase

According to the Bitfinex Alpha report, after rebounding from a low near $80,800 in late November, Bitcoin continues to test the key resistance zone between $93,500 and $95,000. Short-term price movements remain constrained by factors such as mixed ETF fund flows. Bitcoin is currently entering a dense supply zone formed by recent high-level buyers, with a cost basis ranging from $92,100 to $117,400. As the price re-enters this zone, holders looking to exit at breakeven may increase selling pressure, creating significant overhead resistance, or facing "break-even selling pressure." The market may remain range-bound. The derivatives market reflects cautious optimism, characterized by long-term bullish positioning coexisting with short-term downside hedging.