According to Wu Blockchain, the Bitfinex Alpha report highlights that Bitcoin has been fluctuating between $77,100 and $81,300 over the past 20 trading days, with the current price near the lower end of the range, marking a key support level. The report suggests that if Bitcoin breaks above $81,300, there’s a 'volume vacuum' above, potentially driving the price quickly to $86,500. Meanwhile, the options market has shifted protection to contracts expiring on September 18 ahead of the Fed's interest rate decision. The report also notes that Bitcoin's volatility has decreased, but altcoins are showing strong performance. All 29 major altcoins saw gains last week, with Polkadot up 43% and Zcash up 42%. For the first time this week, open interest in altcoin perpetual contracts surpassed Bitcoin’s, a scenario historically associated with market correction risks. https://(wublock123.com)/news/bitfinex-alpha-bitcoin-rangebound-altcoin-volatility-increases-68107