**[Bitfinex Alpha Report: BTC Tests $93,500–$95,000 Resistance Zone, Enters Range-Bound Phase]** Odaily Planet Daily News: The Bitfinex Alpha report indicates that after Bitcoin rebounded from its late-November low near $80,800, it has been consistently testing the critical resistance zone of $93,500 to $95,000. Short-term price movements remain constrained by mixed ETF fund flows and other factors. Currently, Bitcoin is entering a dense supply zone formed by recent high-point buyers, with a cost basis ranging between $92,100 and $117,400. As prices return to this range, holders hoping to break even may increase selling pressure, creating significant upper resistance or facing "break-even selling pressure." The market may remain range-bound. The derivatives market reflects cautious optimism, characterized by a coexistence of long-term bullish positions and short-term downside hedges.