Investors on alert: Bitcoin enters a critical risk zone, points out Bitfinex analysis.

Bitfinex report detects clear signs of euphoria and macroeconomic pressures that could trigger a correction in the price of Bitcoin.

After reaching a new all-time high of $112,000, Bitcoin (BTC) fell to $101,000, with bulls struggling to defend support and avoid a trend reversal. In a report shared with Cointelegraph, Bitfinex emphasizes that this pullback is not only technical but also a result of macroeconomic pressures that have been encouraging profit-taking.#BinanceAlphaAlert

However, the company points out that there are clear signs of overheating in the derivatives markets and on-chain indicators, signaling a period of volatility that may further drive profit-taking and, consequently, a drop in Bitcoin's price.#SaylorBTCPurchase

In the report, Bitfinex highlights that the Bitcoin derivatives market shows the clearest signs of overheating, with institutional and speculative activity at unprecedented levels.

The Bitcoin options market recorded a record open interest of $49.4 billion, marking a sharp increase from $25.8 billion in just a few weeks. This amount exceeded the previous ATH set in January by $6 billion.$BTC

Although open interest in options fell to $39 billion after the options expiration on May 29, the notable increase in derivatives activity underscores an expectation of high volatility and traders positioning for significant future directional moves,” it highlights.