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

According to the Bitfinex Alpha report, after rebounding from lows 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 inconsistent 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 prices return to this area, 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 a combination of long-term bullish positioning and short-term downside hedging.