<ul><li>Bitcoin is consolidating around $111,880, entering a 'healthy phase' after a significant rally, with profit taking seen as a potential risk.</li><li>Bitfinex Alpha report highlights current consolidation supported by ETF inflows, spot market strength, and positive net realized cap growth, indicating structural buying over speculative activity.</li><li>Institutional support for Bitcoin is increasing, with firms like Metaplanet adding $104 million worth of BTC to its balance sheet and U.S. states like Michigan advancing pro-crypto legislation.</li><li>Bitfinex analysts emphasize the importance of Bitcoin staying above $95,000, with market dynamics suggesting the next few weeks will determine if the consolidation leads to further gains or a potential correction.</li></ul>

Profit Taking Ahead as Bitcoin Consolidates at $111,000, Warns Bitfinex

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