[Bitfinex Report: Bitcoin Shows Market Structure of Selling Pressure Pause but Unconfirmed Buying Pressure] According to the Bitfinex Alpha report, Bitcoin held the $59,200 low and rebounded 3.54% this week to close at $65,655. This round of gains stemmed from the exhaustion of selling pressure, with open interest in futures retreating from May highs, exchange balances dropping to a seven-year low, and short-term holders experiencing an unrealized loss of approximately 17%–19%. Bitcoin is currently trapped between the cyclical realized price support at $54,000 and the short-term holder breakeven pressure zone at $68,000, presenting a market structure of selling pressure pause but unconfirmed buying pressure.