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Bitcoin at Risk of Sharp Pullback as Traders Take Profit: Bitfinex

  • Bitcoin recently hit a new all-time high after a significant recovery from April lows.
  • Bitfinex Alpha report suggests traders are starting to take profits, signaling a potential end to BTC's seven-week green streak.
  • Increased trade tensions due to proposed U.S. tariffs triggered a slight BTC correction, leading to a possibility of further downside.
  • Short-term holders have been realizing profits as BTC's rapid price appreciation continues, indicating a market consolidation phase may be on the horizon.

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