Bitcoin Nears Potential Bottom as Market Recovers
Bitcoin Nears Potential Bottom as Market Recovers
🔥 Bullish Signals?
As the cryptocurrency market recovers from last week's correction, analysis suggests Bitcoin may be nearing the bottom of its current trading range. The recent 17.5% pullback from Bitcoin's all-time high hints at a potential local bottom, as corrections typically cap at 20-24%. Experts remain optimistic despite negative outflows from the Grayscale Bitcoin Trust (GBTC). Analysis indicates a possible floor for Bitcoin around $56,000, aligning with short-term holder realized prices and ETF investor cost bases. While Bitcoin grapples with volatility, the altcoin market has shown resilience, with the Total3 index hitting a new cycle high, signaling growing investment flows into altcoins.
In Bitfinex Alpha, we see #Bitcoin dominance stabilizing around 51%, hinting at the possibility of a new altcoin season. Meanwhile liquidity in the top 20 altcoins has increased, smaller coins may be seeing a decline. Dive into the details: go.bitfinex.com/Alpha93T
As the market recovers from last week's correction, we're honing in on the bottom of the current trading range. 📊 The recent pullback in #Bitcoin, around 17.5% from its ATH, hints at a local bottom. Dive into the details 👀 blog.bitfinex.com/bitfinex-alpha…
“Investors perceive #Bitcoin as a store of value rather than a tradable volatile asset, which has been the case for several years before the introduction of the ETFs.” Get the details from Bitfinex analysts 📈 kitco.com/news/article/2…
Today marks a significant milestone for #FinancialFreedom as we celebrate a new all-time high for #Bitcoin! 🎉 As the original $BTC exchange, Bitfinex is optimistic about the future. Together, we unlock new levels of financial freedom. 🚀 Learn more: bitfinex.com/manifesto/
In the last 7 days, #Bitcoin is up 21%, #Ether is up 17% and volumes on Bitfinex are up 243%. No disruptions to trading, no load issues, all systems firing. 🔥 bitfinex.com
"Our analysis forecasts a conservative Bitcoin price objective of $100,000 to $120,000 to be achieved by Q4 2024, with the cycle peak expected to occur sometime in 2025 in terms of total cryptocurrency market capitalization." - Bitfinex Alpha cointelegraph.com/news/bitcoin-b…
New highs for #Bitcoin and #Ethereum! 🎉 $BTC soaring past $70K and $ETH hitting over $4K ⭐️ The future of decentralized finance is looking brighter than ever! Embrace #financialfreedom with Bitfinex: buff.ly/2G9bak2
#DeFi lending protocols reach new heights, signalling market confidence and maturity. Security and transparency pave the way for continued growth. 📈 go.bitfinex.com/Alpha94T
846 days in the making, we have hit a new ATH for #Bitcoin on Bitfinex! 🚀 Where does the rocketship head next? a. Next stop: $75K! b. Sky’s the limit! 🚀 c. To the moon! 🌕
#Bitcoin $60,000 and climbing! 📈 Trade with the whales on Bitfinex #FinancialFreedom 🎉
The #Bitcoin and #Ether markets are looking positive 📈 Bitcoin ETFs saw $600M inflows last week and record amounts of BTC are leaving exchanges 🔥 Read more in Bitfinex Alpha: go.bitfinex.com/Alpha93T
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#Bitcoin soared to an ATH of $73,666 on March 14th, only to experience a sharp pullback of over 12.5%. Alts however were more resilient and not so influenced by BTC movements ✅ Discover how BTC and Alts might be on separate paths: buff.ly/43mtIEE
“Our analysis forecasts a conservative price objective of $100,000-$120,000 to be achieved by Q4 2024, and the cycle peak to be achieved sometime in 2025 in terms of total crypto market capitalization,” - Bitfinex analysts x.com/CoinDesk/statu…
$BTC cash and carry arbitrage offers a significantly higher yield than U.S. Treasury notes and could draw more money to the crypto market. reports @godbole17. trib.al/MfMOZ95
Bitfinex Alpha predicted it: "#Bitcoin is now poised to achieve a new year-to-date high. This uptrend coincides with a period of reduced outflows from @grayscales' GBTC and a general increase in inflows into digital asset funds." theblock.co/post/277146/bi…
The bullish momentum behind BTC continues 🚀 Bitfinex Alpha reports Open Interest in #Bitcoin futures have reached over $26 billion, a new high. We see the trend continuing as more allocations are made to the BTC ETFs. Dive into the details: go.bitfinex.com/Alpha94T
Bitfinex Alpha predicted it: "Bitcoin is now poised to achieve a new year-to-date high. This uptrend coincides with a period of reduced outflows from @grayscales' GBTC and a general increase in inflows into digital asset funds." theblock.co/post/277146/bi…
#Bitcoin stays resilient - hitting a new year-to-date high 🔥At $52,700, $BTC is up 25% since January, just 28.6% shy of its all-time high! Read more about the BTC bull in Bitfinex Alpha: ow.ly/ISAq50QFiHA
Bitcoin Faces 29.7% Pullback from ATH - Market Seeks Direction
Bitcoin has dropped from its January 20 all-time high of $109,590 to a low of $77,041, marking a 29.7% decline. While such corrections have occurred before, they remain relatively uncommon in the current cycle. Key points: - Market stability depends on renewed interest from long-term holders and institutional investors - Without fresh demand, extended consolidation or further downside possible - Previous 90-day consolidation period between $91K-$102K recently broken - Institutional flows remain weak amid broader macro uncertainty The market outlook remains uncertain as traders await clear directional signals. [Read full analysis](https://blog.bitfinex.com/bitfinex-alpha/bitfinex-alpha-waiting-for-conviction/)
Fantom Token Swap to Sonic Complete on Bitfinex
Bitfinex has successfully completed the Fantom (FTM) token swap to Sonic (S). Key updates: - Direct 1:1 conversion ratio (1 FTM = 1 S) - Trading, deposits, and withdrawals for Sonic tokens now fully operational - Upgrade includes new virtual machine for enhanced performance - Improved capabilities compared to previous Ethereum VM The migration marks a significant technical upgrade for the network while maintaining value continuity for token holders. [Learn more about the swap](https://www.bitfinex.com/posts/1098/)
Bitcoin Mining Investment Landscape Evolves with Hashrate Derivatives
Traditional Bitcoin mining stock investments face challenges as institutional investors seek alternative exposure methods. The market is responding with innovative solutions: - Hashrate derivatives emerge as a flexible alternative to mining stocks - Regulated futures products now available in US markets - Institutional players showing increased interest in mining exposure The shift marks a significant evolution in how investors can participate in Bitcoin mining without direct operational involvement. [Learn more about hashrate derivatives vs mining stocks](https://blog.bitfinex.com/education/how-do-hashrate-derivatives-compare-to-bitcoin-mining-stocks/)
Bitfinex Margin Longs Hit 4-Month High
Margin trading activity on Bitfinex shows significant bullish sentiment as long positions reach levels not seen since November 2024. Key points: - Traders added 13,787 BTC to long positions over 17 days - Current margin long levels mark highest point in 4 months - Movement indicates growing confidence in BTC price trajectory This surge in margin longs follows earlier data showing 83% of circulating Bitcoin being in profit, matching levels last seen during the 2021 all-time high.
SimpleBTC App Revolutionizes Bitcoin Education with Interactive Learning
Yannick Fraebel and the SimpleBTC team are developing educational apps that transform Bitcoin learning into an engaging, gamified experience. Key features: - Interactive lessons with real Bitcoin transactions - Lightning Network rewards for completing modules - Verifiable certificates for knowledge proof The platform aims to address the knowledge gap left by traditional finance education, making Bitcoin concepts accessible to newcomers. Similar to Duolingo's approach to language learning, users earn satoshis while progressing through lessons. Watch the full discussion: [Bitfinex Talks Episode](https://youtu.be/Qe387JdqDoQ)