Bitfinex Alpha states that when Bitcoin recently rebounded to around $65,000, the on-chain profit-taking pressure has significantly eased: aSOPR has been below 1 for 10 consecutive days, with the average SOPR for long-term holders around 0.83 over the past week, while short-term holders have been hovering near breakeven for 36 days straight. Bitfinex believes that the profit margin for sellers is currently shrinking, but BTC is still facing resistance in the $65,000 to $65,700 range, which is not enough to confirm a trend reversal. https://(wublock123.com)/news/news-66860