Bitfinex report indicates Bitcoin's significant pullback is influenced by macroeconomic pressures, yet the market shows structural resilience amid adjustments.
Bitcoin is experiencing its first major pullback since April, declining from a record high of $111,880 after a nearly 50% increase. This adjustment is driven by macroeconomic factors such as renewed U.S. tariffs and rising bond yields. Despite the pullback, the report highlights Bitcoin's structural strength, viewing the adjustment as a healthy reset rather than a trend reversal.