[Analysis: Bitcoin Selling Pressure Near One-Year Low, Macro Risks May Limit Rebound] Odaily Planet Daily News - The latest Bitfinex Alpha report analyzes that rising energy costs, higher real yields, and weakening consumer confidence have made the macro environment more complex. Whether BTC can break out of its current range still depends on Federal Reserve policy guidance and the subsequent trends in real yields and energy prices. Bitcoin has recently maintained a range of approximately 5.5% for over 24 consecutive trading days, with around 840,000 BTC's cost basis located within this range. As profit-taking has significantly slowed, the seller risk ratio has dropped to 7 basis points, one of the lowest levels in the past year. However, insufficient buying pressure continues to limit a breakout. Meanwhile, leverage is accumulating at the upper and lower bounds of the range, with approximately $1.95 billion in short liquidation risk concentrated near $82,000. Additionally, there are large-scale long positions in the $75,000 to $76,000 range, which could amplify price volatility following the Federal Reserve's interest rate decision.