Bitfinex report: BTC breaks through the selling pressure zone of $78000 to $79000

According to the Bitfinex Alpha report, BTC broke through the selling pressure zone of $78000 to $79000 after entering May, and at one point approached $83000. This round of rise is driven by spot demand, with spot CVD showing a significant increase since May 8th, indicating that buyers continue to attract funds. The inflow of ETF funds and the increase in holdings in the public market are the main driving forces, with long-term holders holding nearly 4 million BTC, the largest increase since 2020. The market expects the probability of the Federal Reserve keeping interest rates unchanged in June to be about 94%.