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▫️$BTC printed its first sub-$60k level since 2024
▫️$5.9bn in futures liquidated
▫️$4.3bn drained from ETFs
The long positions that drove the cascade have been cleared, and Strategy has re-entered with 1,550 BTC.
We look at what comes next ⤵️
https://blog.bitfinex.com/bitfinex-alpha/the-btc-air-gap-closes/
$BTC hit $65,389 this week, a 21% drawdown and the largest since January 2026.
Over $3bn has exited spot ETFs in 10 days. BlackRock's IBIT shed $2.4bn alone.
The $72,000 floor is gone.
Bitfinex Alpha analyses the breakdown 👇
https://blog.bitfinex.com/bitfinex-alpha/the-floor-that-broke/
The institutional bid that absorbed every $BTC dip since February has halted.
$3bn has flowed out of BTC ETFs in three weeks.
Bitfinex Alpha 207 analyses what comes next.
https://go.bitfinex.com/BFXAlpha207
https://x.com/bitfinex/status/2061466445578392001?s=20
Sixteen years ago, 10,000 $BTC bought two pizzas. On Friday in San Salvador, it brought the Bitcoin community together.
Bitfinex and BFX Securities sponsored the Bitcoin Pizza Day celebration alongside SAT Collective SV, BitDriver and Dax Sosa.
Bitfinex margin longs hit 82,681 BTC last week as $BTC slid 10%.
The highest level since November 2023, even as the macro tightened.
Bitfinex Alpha 206 explains what comes next.
https://go.bitfinex.com/BFXAlpha206
USD wire transfers are now available on Bitfinex via OPENPAYD (x.com/OpenPayd) for customers with Intermediate verification or above.
Fast deposits and withdrawals, alongside existing EUR and GBP services.
Further details: https://bitfinex.com/post/?id=1182
🆕 New announcement has been posted
Bitfinex Enables Low-Cost USD Wire Transfers
🔗 Click here to view the announcement
Open interest has dropped by roughly $1.5bn in recent sessions, clearing much of the leverage built up during $BTC’s move towards $82k.
With short-side fuel exhausted and long positioning reset lower, the next major move likely depends on spot demand.
$584m in longs were wiped out on Monday, yet $BTC still holds above the May Monthly Open.
Meanwhile:
▫️ Exchange reserves: 7-year lows
▫️ Stablecoin market cap: +$2bn in a week
The ammo for an $80k reclaim is there. The trigger just hasn’t been pulled.
https://blog.bitfinex.com/bitfinex-alpha/btc-monthly-open-in-focus-after-584-million-longs-liquidations/
$584m in longs were wiped out on Monday, yet $BTC still holds above the May Monthly Open.
Meanwhile:
▫️ Exchange reserves: 7-year lows
▫️ Stablecoin market cap: +$2bn in a week
The ammo for an $80k reclaim is there. The trigger just hasn’t been pulled.
https://blog.bitfinex.com/bitfinex-alpha/btc-monthly-open-in-focus-after-584-million-longs-liquidations/
Only 3 days left until Bitcoin Pizza Day at Boca de Lobo!
We’ll be waiting for you there from 6:30pm local time!
You’ll learn about Bitcoin, meet new people, and if you’re among the first 50 attendees, you’ll get free pizza.
Sponsored by Bitfinex, organised by Bit-Driver and Satoshi Collective.
Before anyone even owned any $BTC, Satoshi wrote that if supply couldn't keep up with demand, "early holders of money will see its value increase."
The store-of-value thesis came from the creator himself, in a reply to a critic, eight days after the whitepaper was published.
We've launched 2 quests on Galxe for our community.
We'll have many more coming.
https://app.galxe.com/quest/7PXYQUvdH8NrBgecRoh49S
The two sources of demand that pushed $BTC above $80,000 are pulling back simultaneously as BTC tests the monthly open at $76,318.
ETF inflows have flipped to $1bn in outflows. STRC demand is fading.
Bitfinex Alpha 205 looks at what comes next.
https://go.bitfinex.com/BFXAlpha205
$BTC has been rejected at $82,160 three times.
The two biggest sources of institutional demand are weakening at the same time.
Today’s Bitfinex Alpha looks at whether the structure holds.
Subscribe to get it first 👇
https://bitfinex.com/subscriptions/
You sold. Then it went up.
Bitfinex Borrow lets you borrow against your holdings instead.
Fixed or variable rates, terms you set.
Corporate $BTC treasury buying dropped 80% last week compared to the previous month.
"The institutional bid has narrowed to a single channel."
Bitfinex Alpha analysts featured in The Block. 👇
https://www.theblock.co/post/401247/rally-without-conviction-bitcoin-etfs-see-630m-in-outflows-as-corporate-treasury-demand-drops-and-resistance-builds
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