Bitfinex says spot Bitcoin demand stays firm as BTC holds $77,100 support after $81,000 test
AI Market Summary
Bitfinex notes Bitcoin is holding key support despite a hawkish Fed tone that typically tightens liquidity and pressures risk assets. Recent gains appear driven by spot buying rather than leverage, and U.S. spot Bitcoin ETFs saw roughly $1B net inflows, indicating sustained institutional demand. Near-term positioning is likely to stay sensitive to upcoming U.S. inflation and employment data that will shape rate expectations and crypto capital flows.
Impact level
● Medium
Affected assets
BTC/USDT-1.50%
AI Insight · BTC/USDTAI Insight
● Neutral
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Bitcoin briefly rose above $81,000 last week before pulling back, but it continued to defend the key $77,100 support level. Bitfinex said the move came even as Fed Governor Kevin Warsh’s hawkish Jackson Hole remarks lifted expectations for future rate hikes and weighed on risk assets. U.S. spot Bitcoin ETFs still saw approximately $1 billion in net inflows over the week, pointing to steady institutional demand. Markets see the ability to hold support as a sign of stronger holding appetite, though further rate-hike expectations could cap gains.
