Bitfinex's weekly market analysis report, 'Bitfinex Alpha,' suggests caution for Bitcoin investors despite the current upward trend. The report notes the potential for increased volatility and on-chain movement that could lead to a fall to the $30,000-31,000 level. The analysis mentions a recent forced liquidation of $491 million as BTC surged to $38,000 on the 9th. It also highlights the possibility of a decline to test support levels from short-term holders (STH) and suggests that BTC may have reached a short-term peak based on the long-term average purchase price flow of holders (LTH). The report emphasizes caution due to deteriorating macroeconomic trends, including an increase in U.S. household debt and signs of a weakening labor market. 📉🤔 #BitfinexMarketAnalysis #BitcoinForecast