Issue Identified and Fix Being Implemented
Issue Identified and Fix Being Implemented
Bitfinex has identified an issue and is currently working on implementing a fix. We apologize for any inconvenience caused.
The issue has been identified and a fix is being implemented. We apologise for the inconvenience.
We are investigating issues with platform reduced performances and have temporarily halted trading. We will keep everyone updated on here and on bitfinex.statuspage.io as we know more.
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)