Bitfinex Report: Bitcoin is fluctuating narrowly between $85,000 and $94,000, and liquidity conditions may improve

The Bitfinex Alpha report indicates that after experiencing a lack of liquidity and declining volatility over the past month, Bitcoin has begun to show signs of a slight reversal and stabilization at the beginning of 2026, currently oscillating within a narrow range of $85,000 to $94,000. However, the sell-off driven by ETFs has significantly slowed down before the end of last year, suggesting that "de-risking" may have come to an end. Strategy has been increasing its Bitcoin holdings for several weeks, and the liquidity situation in the crypto market is expected to improve at the beginning of 2026.