Bitcoin rally has “borrowed strength” without spot demand, Bitfinex says
Bitcoins latest rebound may lack the buying support needed for a lasting breakout, according to the latest Bitfinex Alpha report. Bitcoin closed at $65,086 on July 14, gaining 4.4% and recording its highest close since June 22. Bitfinex said softer US inflation data drove most of the move by changing expectations around interest rates rather than attracting steady Bitcoin-specific demand. The report described the rally as “borrowed strength,” citing limited spot buying, a negative Coinbase premium and inconsistent inflows into US spot Bitcoin exchange-traded funds. Bitfinex Alpha: Bitcoin Lacks Sustained Spot Buying Support Bitfinex Alpha said the softer-than-expected US June CPI pushed Bitcoin to its highest close since June 22, but the rally was driven mainly by a repricing of macroeconomic expectations. The move lacked sustained spot… pic.twitter.com/n2qjHQf6mT — Wu Blockchain (@WuBlockchain) July 15, 2026 Softer inflation data drives Bitcoin higher The June Consumer Price Index fell 0.4% from the previous month, while annual inflation slowed to 3.5% from 4.2%. Core inflation stood at 2.6%, below market expectations. The weaker inflation data reduced expectations for another Federal Reserve rate increase. According to Bitfinex, the odds of a July rate hike fell from 42% to around 12.3%, while the two-year US Treasury yield dropped as much as 14 basis









