Bitfinex has provided updates on their scheduled platform upgrade. The upgrade commenced at 9:30 AM UTC on May 5th, 2024, and the platform was taken offline for approximately 2-3 hours. At 11:55 AM UTC, the platform will return in view-only mode, allowing users to cancel orders before trading resumes at 12:00 PM UTC. Prior to the upgrade, Bitfinex had announced the temporary downtime and provided a link to a detailed announcement. The company had also previously investigated and addressed issues with reduced platform performance, temporarily halting trading before resuming operations.
Our upgrade is nearing a successful completion and the Bitfinex platform will be returning in view-only mode with the option to cancel orders at 11:55 AM UTC, before trading opens at 12:00 PM UTC. Thank you for your patience.
Our scheduled upgrade has begun and Bitfinex is offline. Please monitor our X account and bitfinex.statuspage.io for updates. Thank you for your patience!
Our scheduled upgrade has begun and Bitfinex is offline. Please monitor our X account and bitfinex.statuspage.io for updates. Thank you for your patience!
Our scheduled upgrade is set to commence 30 mins from now (9:30 AM UTC). The Bitfinex platform, along with all features, will be down for approximately 2 to 3 hours. For more information on what to expect, please refer to the full announcement: blog.bitfinex.com/announcements/…
We are investigating issues with platform reduced performances and have temporarily halted trading. We will keep everyone updated on here and our Status Page bitfinex.statuspage.io as we know more.
🔧Scheduled Maintenance: the Bitfinex Trading Platform will be temporarily offline for 2-3 hours on May 5, 2024, starting around 9:30 AM UTC. More details here 👇 blog.bitfinex.com/announcements/…
Our maintenance is nearing a successful completion and the Bitfinex platform will be returning in view-only mode with the option to cancel orders at 12:45 PM UTC, before trading opens at 12:50 PM UTC. Thank you for your patience.
We are investigating issues with platform reduced performances and have temporarily halted trading. We will keep everyone updated on here and our Status Page bitfinex.statuspage.io as we know more.
Our scheduled upgrade is set to commence 30 mins from now (9:30 AM UTC). The Bitfinex platform, along with all features, will be down for approximately 2 to 3 hours. For more information on what to expect, please refer to the full announcement: blog.bitfinex.com/announcements/…
**Bitcoin Shows Early Bottom Signals After Extreme Market Deleveraging**

Bitcoin may be forming a **stabilisation phase** after experiencing extreme market conditions, according to Bitfinex Alpha analysis. **Key market indicators suggest potential relief bounce:** - Extreme deleveraging has cleared excess positions - Short-term holders showing capitulation signals - Early signs of seller exhaustion emerging This follows Bitcoin's significant correction from recent highs, with the market experiencing one of its **most meaningful drawdowns** of the cycle. The combination of these factors historically creates conditions for local bottoms. **Previous context shows pattern:** - BTC triggered strong early-bottom signals after sharp drawdown - Market saw classic stabilisation ingredients align - Four straight weekly declines - first time in over 500 days While **volatility remains elevated**, the current setup mirrors previous cyclical bottom formations. The question remains whether this marks the start of recovery or if more downside pressure continues. Analysts note this consolidation phase, rather than full capitulation, could provide the foundation for the next market move as demand conditions potentially improve.
Bitcoin Spot Trading Shows First Neutral Signal After Months of Selling Pressure

**Market equilibrium emerges** after extended bearish period Bitcoin spot trading has reached a significant milestone - the 90-day Cumulative Volume Delta has maintained neutral territory for **10 consecutive days**. This metric tracks the difference between spot taker buys and sells across centralized exchanges. **Key developments:** - First sustained neutral reading after months of sell-side dominance - Suggests potential exhaustion among sellers - Could signal shift in market sentiment The Cumulative Volume Delta measures buying vs selling pressure by analyzing actual transaction flows. When neutral, it indicates balanced market participation between buyers and sellers. **What this means:** After an extended period where sellers controlled the market, we're seeing the first signs of equilibrium. This doesn't guarantee a bullish reversal, but it suggests the intense selling pressure may be waning. Traders and analysts will be watching closely to see if this neutral trend continues or if either buyers or sellers regain control of the market dynamics.
📈 Margin Trading Hits Record Highs

**Margin trading borrowing has reached new all-time highs** as investors heavily leverage their positions. This surge indicates strong confidence in market volatility and trading opportunities. However, it also creates **increased market fragility**. **Key risks:** - High leverage amplifies both gains and losses - Sharp price movements could trigger cascading liquidations - Market stability becomes more vulnerable to sudden shifts The elevated borrowing levels suggest traders expect continued volatility but also signal potential for more dramatic market swings if sentiment changes.
🔗 Stable Network Token
**Bitfinex announces listing of Stable governance token** The Stable Network, a blockchain designed specifically for stablecoins, is coming to Bitfinex exchange. **Key features of Stable Network:** - High throughput performance - Predictable transaction processing - Regulatory compliance focus - Stablecoin-optimized infrastructure The platform combines technical efficiency with regulatory alignment, positioning itself as a specialized solution for stablecoin operations. [Read full announcement](https://blog.bitfinex.com/media-releases/bitfinex-to-list-stable-governance-token-of-the-stable-network/)
🤖 Kids Outpace Adults
**Young programmers are mastering tech skills faster than previous generations.** - Children are building apps before most adults write their first line of code - **Zero-fear approach** gives kids an advantage in learning programming and robotics - Natural curiosity and focus help young builders tackle complex projects **Codepeques founder @aguileradev** shares insights from MedellÃn on how children approach technology differently than adults. The conversation highlights how **early exposure to programming** creates confident young developers who aren't intimidated by technical challenges. [Watch the full Bitfinex Talks episode](https://youtu.be/pXqMJDs07LQ) for complete insights on youth tech education.