Bitfinex: Fed Hawkishness Triggers Bitcoin Pullback, Spot Demand Remains Resilient
Bitfinex analysts report that Bitcoin remains stable above $77,100 despite a pullback from $81,000 following hawkish remarks by Fed Chair Warsh at Jackson Hole. The market structure is supported by spot buying rather than excessive leverage, evidenced by nearly $1 billion in net inflows to U.S. spot Bitcoin ETFs last week and 10 consecutive days of inflows totaling $815.7 million for Ethereum products. While market expectations for a September rate hike have risen to 57%, Bitfinex suggests that continued ETF and stablecoin liquidity will provide a floor for