Bitfinex Alpha states that the lower-than-expected U.S. June CPI pushed Bitcoin to its highest level since late June. However, this rally mainly relies on macro catalysts and lacks support from sustained spot buying, the Coinbase premium, and ETF inflows unrelated to price—essentially a 'Borrowed Bid.' The report highlights that the $68,000 range has become a critical decision zone, and it’s important to monitor whether ETF inflows can continue. Bitfinex believes that if interest rate expectations reverse, the current rally could quickly fade. https://(wublock123.com)/news/bitfinex-alpha-bitcoin-lacks-sustained-spot-buying-64684