Bitfinex report: Bitcoin rebounds strongly, buyers are looking forward to it

Odaily Planet Daily News Bitfinex released a report stating that Bitcoin rebounded strongly in the past week and regained the $85,000 mark. US President Trump announced a 90-day suspension of new tariffs, trade tensions eased, and risk appetite was reignited. The easing of the macroeconomic situation drove the rebound of Bitcoin. Importantly, the rebound was driven by spot market demand rather than leveraged derivatives positions, indicating that buyers hold real confidence in Bitcoin. Bitcoin closed up 6.67% this week, extending a 15% gain since the low, indicating that this pullback is consistent with the mid-cycle pullback trend commonly seen in previous bull markets. The cumulative spot volume increments on major exchanges show continued active buying, but prices are still trapped in the $75,000 to $85,000 range. This divergence suggests that if supply is further reduced, an upward breakthrough is possible. However, a short-term pullback is expected at the beginning of this week, driven by profit-taking. The reaction to this drop — whether buyers continue to absorb supply — will determine whether Bitcoin pushes toward $90,000.