Bitfinex: The recent pump of Bitcoin is not a speculative bubble; institutional buying strengthens the market consensus for BTC.

Cryptocurrency exchange Bitfinex pointed out in an analysis report published yesterday (26) that Bitcoin's rise is not speculative overheating, but driven by structural buying, Bitcoin's role is changing, it has become a macro-sensitive, belief-driven asset, and its trading dynamics tend to be more in line with global liquidity trends. (Synopsis: Are Bitcoin Long-Term Holders Starting Shipping?) (Background supplement: Trump's suspension of "50% tariffs on the EU" extended to 7/9, U.S. stocks and bitcoin rebounded by 109,000 magnesium) Bitcoin continued to break through record highs last week, peaking at $111,963 on the 23rd, showing a strong rally in the global market. Against this background, cryptocurrency exchange Bitfinex pointed out in an analysis report published yesterday (26) that the rise was not speculative overheating, but was driven by structural buying. The report reads: After hitting an all-time high in January, Bitcoin fell 32% before rebounding more than 50% to a new high of $111,880 and is now in a healthy consolidation phase. Strong ETF inflows, active spot market participation, and a positive performance of net capital growth drove structural buying rather than speculative overheating. Bitcoin's role is shifting Bitfinex went on to point out that Bitcoin's resilience underscores its shifting role, and Bitcoin has become a macro-sensitive, belief-driven asset with trading dynamics that tend to be more in line with global liquidity trends rather than driven solely by retail sentiment: Even as macro environmental risk aversion picks up, with the news that the United States may impose a 50% tariff on European imports, Bitcoin remains solid, successfully defusing excessive leverage and absorbing some profit-taking. The market did not see a significant crash. In addition, Japanese company Metaplanet has accumulated $104 million in bitcoin, and cryptocurrency-friendly legislation proposed by Michigan further confirms the growing support for digital assets at the institutional and policy levels. However, it is worth noting that Bitfinex also reminded investors that as the price of Bitcoin continues to rise, the pressure to take profits is also increasing. The report notes that short-term holders have made more than $11.4 billion in profits over the past month, which could translate into market pressure in the short term. Bitfinex emphasized that whether Bitcoin can continue to consolidate above the short-term holder cost base (around $95,000) will be key to determining the future direction of the market. The report further analyzes that ETF buying strength, low volatility and spot premiums indicate that the market is maturing, and once the macro environment is clearer, bitcoin is expected to continue to rise. The next few weeks will determine whether this breakout is a local high or a prelude to a more aggressive rally in the third quarter. Overall Economic Watch Also on the broader economy, the Bitfinex report notes that the United States is facing increasing financial pressures, with long-term Treasury yields soaring and the dollar weakening due to credit rating downgrades, rising debt and impending tariffs. Investor confidence wavered, with the 10-year and 30-year yields breaking through 4.5% and 5%, respectively, reflecting concerns about U.S. fiscal discipline and inflation risks. The steeper 30- and 10-year yield curves, often seen as a signal of economic growth, now reflect fear of long-term risks rather than optimism. As foreign demand weakens and Fed support for bond markets wanes, markets are pricing in a new era of higher interest rates and volatility, and bond markets are no longer just reacting to news headlines but warning of a structural shift in risk pricing. But despite this, Bitfinex once again emphasizes that institutional adoption and regulatory momentum are advancing in tandem. Listed companies Strategy, Metaplanet and Semler Scientific purchased more than 8,800 bitcoins, reinforcing their position as strategic reserve assets. Among them, Strategy already holds more than 2.7% of the total supply of bitcoin, highlighting the trend of companies looking at bitcoin as a long-term reserve in times of economic uncertainty. Extended reading: Software can't be sold, rely on Bitcoin to become a god! Decoding Micro Strategy and Michael Saylor's Financial Magic Related Reports James Wynn Closes $1 billion in Bitcoin short orders, losing 15.86 million magnesium Bitwise predicts: institutions and countries will hoard 4.26 million bitcoins in 2026 Trump shouted "iPhone Made in the United States" otherwise impose a 25% tariff, Apple plummeted, bitcoin pin 100,0007 (Bitfinex: Bitcoin's wave of rise is not a speculative bubble, Institutional buying consolidates BTC market consensus" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".