Bitfinex: Bitcoin is fluctuating in a narrow range of $85,000 to $94,000, and the liquidity situation 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 since the beginning of 2026, currently oscillating within a narrow range of $85,000 to $94,000.

However, the previous ETF-driven sell-off 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 in early 2026.