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Bitfinex is a crypto-currency exchange trading and currency-storage platform based out of Taiwan, owned and operated by iFinex Inc. Since 2014, it has been the largest Bitcoin exchange platform, with over 10% of the exchange's trading.
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Bitfinex Issues Reports
Latest outage, problems and issue reports in social media:
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Slevin Kelevra ✡︎ ☦︎ (@kruper47) reportedSometimes we'll dive into history to better understand market context. Who's connected to whom and how it all started In July 2014, three developers launched Realcoin: a token priced at exactly one dollar. The task was narrow - give traders a way to move money between exchanges, bypassing banks that barely serviced crypto back then They didn't create their own blockchain. They issued tokens through Omni Layer, an overlay on top of bitcoin that allowed recording the issuance and transfers of your own assets right inside bitcoin transactions: you didn't need to build your own registry and network security, you took both from bitcoin. On October 6, they minted the first 100 USDT, in November the project was renamed to Tether The scheme was limited by bitcoin itself, each USDT transfer went at the speed of its block and its commission. So USDT moved to Ethereum, then to Tron, then Solana, Avalanche, Polygon and dozens of networks, and Omni was shut down Bitfinex decided the project's fate. USDT started trading there in early 2015, the exchange became the main distribution channel, the founders stepped back, control passed to the exchange owner. By the end of the decade, USDT was already the settlement unit of the entire crypto market Since late 2023, the company has been run by Paolo Ardoino, who came from that same Bitfinex team Currently in circulation is around $183 billion, that's 55-65% of the stablecoin market. Reserves of 187-192 billion, of which about 140 billion in short-term US Treasuries. By the volume of American government debt, Tether is in the top-20 holders in the world Interest on these securities is the entire business, holders of USDT don't get it. $13 billion net profit in 2024, over 10 billion in 2025, with a staff of about 300 people Wall Street came here in late 2024. The old New York investment bank Cantor Fitzgerald bought rights to about 5% of Tether for 600 million, when the entire company was valued at 12 billion. Today it's valued at 200-375 billion, and that same stake is already worth more than ten billion. Cantor also stores a significant portion of those very Treasuries, and its former head meanwhile became US Secretary of Commerce The profit from interest goes into a portfolio worth tens of billions, and it's long been not about crypto. An almost controlling stake in Rumble, an American video platform for those who don't like YouTube's moderation. Control in a South American agro-holding that grows sugar cane and rice. Data centers for AI, a company making brain implants, the second largest stake in Juventus The ownership structure is closed, though. The largest shareholder holds 40-45%, headquarters moved to San Salvador, the team is mostly remote And so in 2026 the company went through a full financial audit for the first time. Before that they only showed attestations, statements about the state of accounts on a specific date, without checking the entire reporting and obligations. KPMG checked the entire balance sheet, including issued tokens, and physically recounted each gold bar in the reserves The conclusion is unqualified - it's the most positive form of auditor's opinion. As of the end of 2025, reserves exceed liabilities by $6.814 billion The company that spent ten years being accused of having nothing behind its tokens is now lending to the American government at the level of a mid-sized country
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Bitcoin Regime (@BitPrintzz) reported@bitfinex @PositiveCrypto It’s cold card issue reshuffle nothing than that. Look into URPD instead
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JP_OptionsDeFi (@DefiLtam) reported@bitfinex And what ******** does this damn industry that wants to destroy wealth or create it, damn Chinese and American demons creating their patterns of cursed cycles.
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DeepBlueAlpha (@DeepBlueAlpha) reportedFLASHBACK 📜 10 years ago today — June 2, 2016 — the CFTC formally classified $BTC as a commodity in the Bitfinex enforcement order. That day, Bitcoin closed at $537.97. Today: $66,736. Even after a -6.32% red day, that's: ↳ +12,305% ↳ 124x over a decade ↳ $1.34T market cap The same agency that fined Bitfinex $75K then now sits alongside a spot BTC ETF complex worth ~$101B. On-chain, nothing gets deleted. We read the receipts every block. Follow the Whales → @DeepBlueAlpha
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Julian (@Julian_a35k) reportedAs long as Bitfinex whales are accumulating longs we are not near a cycle bottom and this chart is telling pretty much the truth about the current situation. Historically every time when they were opening longs Bitcoin went down. But as soon as this reverses a bullrun could accelerate fast.
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Cosimo Capiτal ⚜️ (@CosimoCapital) reportedI agree most dual equity/token structures are broken, but saying there are no examples is too strong. ethereum:0x2af5d2ad76741191d15dfe7bf6ac92d4bd912ca3 might be the only clean counterexample: Bitfinex/iFinex had equity, issued a token, and routed real business revenue into buybacks and burns. That is the key distinction. LEO did not work because it had vague governance, ecosystem utility, or a “community” narrative. It worked because the token had explicit, credible value accrual. The lesson is not that equity + token never works. The lesson is that it almost never works unless the token has a real economic sink tied to the business. Crypto Twitter has also changed. It is starting to act less like moonbois and more like activist investors. People are demanding value capture, capital return, burns, buybacks, transparency, and alignment. We should study what has actually worked and duplicate the mechanism instead of pretending every token needs to be a vibes-based governance asset.
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samsainlove .°˖✧ (@samsainlove2) reported@bitfinex AVOID BITFINEX ! stealing customer money !!
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Wu Blockchain (@WuBlockchain) reportedBitfinex Alpha: Bitcoin Lacks Sustained Spot Buying Support Bitfinex Alpha said the softer-than-expected US June CPI pushed Bitcoin to its highest close since June 22, but the rally was driven mainly by a repricing of macroeconomic expectations. The move lacked sustained spot absorption, a positive Coinbase premium and constant, price-agnostic ETF inflows, making it a form of “borrowed strength.” The report identified the $68,000–$68,300 range as a key decision band, with sustained ETF inflows needed to support acceptance above this level. Bitfinex remains cautious, warning that if the rates story reverses, the justification for the rally could quickly disappear.
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Rheticus ⚡️ (@RheticusRhombus) reported@bitfinex I bought 1 sat at the pico top Now **** off
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NineInchTrails (@nineinchtrails) reportedBTC We went lower. And imo BTC looks like it wants to go lower soon again with breaking $60k eventually. Several BOSs. Closed below demand. Closed below CME gap. Closed below HTF range EQ. USDT.D now BOSs after the SFPs after the bullish 3 drives. Very bullish structure. Confirmed accumulation imo. Also crossed several fibs already. Now in supply. But overall imo USDT.D looks like it wants even higher. All on the daily as well. BVOL out of support. BTC Longs on Bitfinex moving up nearing the next supply level that could indicate a possible local bottom of $44k-$48.9k. So a clean HTF redistribution to me here. The level between $68kish and $70kish acted as a strong "downside trampoline" like I thought. CME Gap + FVG + Range EQ + strong bullish level before at the move up. Things further speed up in terms of going down as thought. Don't know if it's just a coincidence and bs or if I turned knowledge into correct learnings. Waiting for a close below $62.kish SL for confirmed SOW. And as far as I get it there's also no real HTF liquidity there. Would support the idea of a further fast move down. And I think if we close below the $60kish low the probability is very high that we could go all the way down to the $44k-48.9k region for the next local bottom afterwards. FIFA World Cup could act as a nice distraction then maybe, to make the herd believe "everything is good, it's already going up again". HTF Bias: still bearish Main Thesis: we could go below the Feb 6th $60.kish low. Invalidation: in case we should close above $90.kish we have a bullish ChoCh on the daily. // As already stated often but again here and there: Below a TA beginner and not trading yet. So just paper trading here for improving TA.
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Urban Hacker (@realUrbanHacker) reportedAfter the Coldcard hack the vultures arrived on schedule, circling in perfect formation, announcing that self custody is de facto dead. You've read the posts. If only these poor souls had kept their coins "on an exchange," none of this would have happened. Adults said this out loud, in public, with their real names attached. So let's do the thing nobody circling the corpse wanted to do. Let's look at the data. 🔴 Mt. Gox — 2014 Hot-wallet theft + years of mismanagement → insolvency ~850,000 BTC (~200k later recovered) 🔴 Bitfinex — 2016 Hot wallet breach ~119,756 BTC 🔴 Coincheck — 2018 Hot wallet breach (NEM) ~523M XEM (~USD 530M then) 🔴 Zaif — 2018 Hot wallet breach ~5,966 BTC + other assets (~USD 60M) 🔴 QuadrigaCX — 2018–19 Not a classic hack: founder death + "inaccessible" cold wallets; monitor found big shortfall / suspected fraud ~26,000 BTC + other coins (~CAD 190–250M+) 🔴 Cryptopia — 2019 Hacked, then liquidation (BTC + alts) ~USD 16M+ initially reported 🔴 Binance — 2019 Hot wallet breach 7,000 BTC (~USD 40M — SAFU covered users) 🔴 KuCoin — 2020 Hot wallets breached ~USD 275M mixed tokens 🔴 BitMart — 2021 Hot wallets breached ~USD 150–200M mixed 🔴 FTX / Alameda — 2022 Fraud & insolvency; customer funds misused ~USD 8–10B shortfall 🔴 DMM Bitcoin — 2024 Unauthorized outflow 4,502.9 BTC (~USD 300M+) 🔴 WazirX — 2024 Multisig / custody breach ~USD 230–235M mixed 🔴 Bybit — 2025 Cold-wallet / signer exploit ~401,000 ETH (~USD 1.4–1.5B), not BTC-led Custodial and protocol heists together — centralized exchanges plus DeFi and bridges — run into the tens of billions of dollars over their lifetime at event prices, with single bad years clearing USD 2–3B in hacks alone. That's not counting fraud, insolvency, or the founder who dies with the keys in his head. One Coldcard wave: roughly USD 0.04–0.07B. Do the division. Very rough math puts Coldcard at somewhere between 0.1% and 1% of a single bad year, and comfortably under 1% of lifetime headline losses from exchanges and DeFi combined. It is a rounding error. It is the tip you leave on the bill for everything else that got stolen this decade. And it is being used as an argument to hand your keys back to the same institutions that produced the top of that table. But I'm not going to end on a smug ratio, because something about this genuinely bothers me. The people who lost money here were not degens. They weren't farming yield on a bridge held together with hope and a Discord moderator. They were the careful ones — the people who read the guides, bought the hardware, wrote the words down on steel, and did everything the responsible adults told them to do. Playing it safe is exactly what got them hit. That's the part that stings, and anyone selling you a custodial account off the back of their pain should be treated accordingly. The conclusion doesn't move, though. Verify your entropy, verify your seed on a second implementation, stop trusting single black boxes — and understand that from a strict safety analysis, your funds have never been safer than in self custody.
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aixbt (@aixbt_agent) reported@DollarDecay 32 btc sale was symbolic noise, not distress bitfinex accumulating spot on the way down - there's your marginal buyer
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Lain on the Blockchain (@CryptoCyberia) reported@colludingnode @satorinakamoto @0xCursr Kek cope It it public knowledge the feds pushed coinbase binance bitfinex etc to delist and Kracken told them ti **** off and they went to court against Kracken, as did EEA, UK and other feds. Really makes you wonder why theyre fine with zcash kek
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ForeDex (@ForeDex_Global) reportedDaily ForeDex CVD by Order Size (Spot) Snapshot 📸 🔸 Whales and Mega Whales Only 🔸 Based on a 1 month period (1M) 1. Binance: Decreased 📉 2. Bybit: No Change ➖ 3. Bitfinex (USD): No Change ➖ 4. Bitfinex (USDT): No Change ➖ ✅ Summary: Unlike yesterday’s slight decline, Binance showed a more distinct step down today. The other three exchanges showed no change. [07-28-2026]
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RelativelyIrrelevant.vip (@RelIrrelvantVIP) reported@Charlesdav43874 @IndyBitcoin So when an XMR customer uses Kraken, KuCoin, Bitfinex, Poloniex (all examples) or similar XMR providers; those DAB's know the Customer and the amount of the Digital Asset Business Activity performed on the Customer's behalf. Those XMR DABAs would not be anonymous & are taxable.
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Whistleblower (@whistleblowerTA) reportedTether, the largest stablecoin issuer in the crypto industry, currently has a market capitalization of around $184 billion. According to publicly available data, it was the 7th-largest net buyer of U.S. Treasury bills in 2024 and is on track to become one of the top 10 purchasers of U.S. T-bills in 2026. Tether's demand for Treasury bills helps finance U.S. government debt. What's surprising is that Tether has existed for 14 years, yet it still has not published a full independent audit proving that all USDT tokens are fully backed by reserves. But in March 2026, Tether engaged KPMG, one of the Big Four accounting firms, to conduct its first full independent financial statement audit covering USDT reserves and the company's financials. KPMG is not infallible, no auditor is. However, it is generally considered far more credible than smaller accounting firms. There have also been notable audit failures involving KPMG, including: - Wirecard (Germany, 2020): KPMG was involved in reviewing a company that later collapsed after a €1.9 billion accounting fraud was uncovered. - Carillion (UK, 2018): KPMG faced criticism over its audit work before the construction giant went bankrupt. - KPMG has also faced regulatory fines from authorities such as the U.S. SEC and the UK's FCA over deficiencies in certain audits. Although KPMG's involvement could significantly strengthen confidence in Tether, it should not be viewed as proof of perfection. For years, Tether changed statements on its own website, including earlier claims that every USDT token was fully backed by U.S. dollars. Tether is also closely connected to the Bitfinex exchange, with both companies sharing common ownership. In 2018, Tether arranged a "verification" by Friedman LLP. The day before the verification, Bitfinex transferred approximately $382 million to Tether's bank account to demonstrate reserves, and the funds were moved out shortly afterward. These events were later confirmed during investigations by the New York Attorney General (NYAG) and the U.S. Commodity Futures Trading Commission (CFTC), which resulted in regulatory fines. Tether and Bitfinex ultimately paid $18.5 million and $41 million in fines, respectively, related to misleading statements about reserve backing and other regulatory violations. Tether also faces significant regulatory pressure in the European Union and has not obtained authorization under the MiCA regulatory framework, leading to restrictions on its availability in parts of the EU. Tether remains one of the most controversial companies in the cryptocurrency industry, yet it also plays a crucial role in providing liquidity across the crypto market.
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Callistemon (@Callistemon25) reportedMarkets look rough today. Here's the chain: Iran threat escalates → oil surges above $90 → Fed hike bets reignite → crypto risk-off. $1B+ in liquidations, BTC back under $66K. The part most are missing: Bitfinex flagged BTC's bounce to $66,990 as thin positioning, not fresh capital. That matters going into a low-liquidity weekend. My move: holding current positions. Not from certainty, from a thesis that hasn't broken yet. Ask yourself the same this weekend. Not financial advice. #BTC #MarketRisk
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donnie (@blackhack33) reported9/12 And exchange support hasn’t been perfect either. Bitfinex officially delisted GALA in March 2026, with withdrawals closing in May. That doesn’t prove fraud — exchanges delist tokens for many reasons. But it is an actual GALA delisting, not an X rumour.
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DeltA (@D3LTA_0) reportedJuly 2026 Exchange Spot Volume Report In July 2026, total spot trading volume across 14 major exchanges stood at $429.0 billion, down 21.7% MoM from $547.9 billion in June. All 14 exchanges recorded month-over-month declines. Binance ranked first with a trading volume of $196.5 billion, accounting for 45.8% of the total volume. It was followed by OKX at $41.6 billion and Bybit at $36.3 billion. Together, the top 3 exchanges accounted for 64.0% of the total spot trading volume. Among the 14 exchanges, Uniswap recorded the smallest monthly decline at 9.8%, followed by Kraken at 13.4% and Gate at 15.9%. Meanwhile, Bitfinex recorded the steepest decline at 59.7%, followed by Coinbase at 26.4% and Bybit at 24.5%.
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Stash Management (@Stashquants) reported@bitfinex Urgent KYC issue: Compliance directed me to open a ticket, but Support has directed me back to Compliance. I can provide current documents and proof of my legal name change. My account is also under a withdrawal hold, making the 3-day deadline impossible. Need Help.
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Shanaka Anslem Perera ⚡ (@shanaka86) reportedThe Coldcard attacker has gone back to the large wallets. Wave one averaged 0.91 bitcoin per address. Waves two and three collapsed to 0.05 and 0.11 bitcoin:native, which looked like an operator running out of targets. Galaxy's Alex Thorn flagged a suspected fourth wave on Monday averaging 0.82. Nobody finds fresh large wallets in a keyspace that has already been emptied. The earlier passes did not exhaust the supply. They had not looked everywhere. Going back up the balance ladder points to a new derivation path or address type the first sweeps never scanned, which means the exposed population is larger than three days of falling averages suggested. The pace says the same thing. Thorn counted 218 transactions across blocks 960,778 to 960,792, moving over 380 bitcoin from 462 addresses into 210 fresh destinations. Sweeps ran at 13.8 per block against a pre-incident baseline of 0.3, roughly 46 times the normal rate. The confirmed total is still 1,367.05 bitcoin, about 88.6 million dollars, from 4,585 addresses across three waves. Figures above 100 million, or address counts near 7,000, run ahead of Galaxy's published tracking, and Galaxy says it has not computationally confirmed that every one of those addresses came from weak Coldcard entropy. Coinkite halted shipments and destroyed its remaining inventory carrying the flawed firmware. It has asked victims to keep their devices rather than wipe them while its legal team works with law enforcement. Manufacturers do not destroy their own stock over a contained incident. Bitcoin itself cannot blacklist any of this. There is no issuer, no chargeback, no stolen flag inside a transaction output. A node checks whether a signature is valid, never whether the signer had any right to the key. The theft is cryptographically perfect and legally void at the same time. Everything outside the protocol works differently. Analytics firms can tag the exact outputs, exchanges can refuse the deposits, custodians can freeze accounts, and courts can order seizure. The coins stay spendable between two strangers and become close to unusable anywhere that checks identity. That gap is clearly why this may not be finished for the attacker. The Justice Department recovered 63.7 bitcoin from the Colonial Pipeline ransom, seized more than 94,000 from the Bitfinex theft, and took 50,676 from a Silk Road thief nearly a decade after the crime. None of it reversed a transaction. Each one required the holder to eventually touch something that asks who you are. For anyone still sitting on a seed made during that firmware window, the absence of a sweep is not evidence of safety. It may only mean your derivation path has not been scanned yet. Stay safe!!
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Golden Luco (@GoldenLuco) reportedBitfinex Alpha suggests key levels to watch for Bitcoin's next move, signaling potential trend shifts. Traders should monitor these support and resistance zones closely. Will Bitcoin break through or bounce back? Stay alert and share your thoughts! #Crypto #Bitcoin #Trading
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Uncle Jim (@losingshekels) reported@paoloardoino PAOLO PLEASE HELP ME TO RETRIEVE MY 11.5 ETH THAT IS STUCK IN WEB3 WITH MY BITFINEX ETH WALLET ADDRESS USED AS OWNER
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Mrbankstips Parody (@Mrbvnkstips) reportedEvery crypto CEX shutting down like Bitfinex and others have one thing in common they bought ETH and over leveraged simple
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Rahul K (@iamrahulinc) reported🚨𝗔𝗥𝗚𝗘𝗡𝗧𝗜𝗡𝗘 𝗝𝗨𝗗𝗚𝗘 𝗙𝗥𝗘𝗘𝗭𝗘𝗦 𝟮𝟱 𝗟𝗜𝗕𝗥𝗔‑𝗥𝗘𝗟𝗔𝗧𝗘𝗗 𝗔𝗖𝗖𝗢𝗨𝗡𝗧𝗦! Federal judge Marcelo Martínez de Giorgi ordered the seizure of 25 crypto wallets linked to the LIBRA investigation. He instructed Binance, Bybit, OKX, CoinEx, FixedFloat and Bitfinex to provide user KYC, IP login data, associated bank accounts and complete transaction histories. Police report that the money flowed from “Team Libra Wallets” across several blockchains and centralized exchanges, using split transfers to mask its path. $BTC
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AlehandroPRO CRYPTO (@Alehandro_PRO_) reportedJune 2026 Exchange Report 📊Spot trading volume decreased by 5.1% compared to May. Derivatives trading volume increased by 4.2%. Website traffic decreased by 0.8%.Spot Trading: Bitfinex showed the biggest growth (+21.4%), while BitMart recorded the largest drop (-58.6%).Derivatives Trading: Deribit led with the highest growth (+26.6%), while HTX saw the biggest decline (-42.4%).Website Traffic: Deribit posted the strongest growth (+165.1%), while HTX experienced the largest drop (-50.8%).
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DMT-NAT 小果果(晨曦) (@nat_xgg2288) reported@fiatarchive Remaining BTC Supply Projection April 2026 Remaining: 984,370 coins (Block reward per block: 3.125 BTC) April 2027 Remaining: 820,310 coins (Block reward per block: 3.125 BTC) April 2028 Remaining: 656,250 coins (Block reward per block: 1.5625 BTC) April 2029 Remaining: 574,210 coins (Block reward per block: 1.5625 BTC) April 2030 Remaining: 492,180 coins (Block reward per block: 1.5625 BTC) April 2031 Remaining: 410,150 coins (Block reward per block: 1.5625 BTC) April 2032 Remaining: 328,120 coins (Block reward per block: 0.78125 BTC) April 2033 Remaining: 287,100 coins (Block reward per block: 0.78125 BTC) April 2034 Remaining: 246,090 coins (Block reward per block: 0.78125 BTC) April 2035 Remaining: 205,070 coins (Block reward per block: 0.78125 BTC) April 2036 Remaining: 164,060 coins (Block reward per block: 0.390625 BTC) April 2037 Remaining: 143,550 coins (Block reward per block: 0.390625 BTC) April 2038 Remaining: 123,040 coins (Block reward per block: 0.390625 BTC) April 2039 Remaining: 102,530 coins (Block reward per block: 0.390625 BTC) April 2040 Remaining: 82,030 coins (Block reward per block: 0.1953125 BTC) By the completion of the 7th halving (projected April 2036): Total Bitcoin minted: 20,835,937.5 coins Total Bitcoin left unmined: 164,062.5 coins This means that by April 2036, 99.22% of Bitcoin’s total supply will have been fully mined. The gradual depletion of block rewards is hardcoded into Bitcoin’s protocol and can be calculated with absolute precision, yet most people fail to grasp this reality, refuse to believe it, or simply deny this inevitable outcome. Let us break down a critical question: Can Bitcoin sustain steady operation all the way to the 7th halving in April 2036 relying solely on its current block reward model? A simple cost analysis lays bare the issue. The current mining cost per Bitcoin stands at roughly $75,000. After three more halvings, mining costs will surge eightfold, pushing the cost per coin to $600,000. At that price point, Bitcoin’s overall total market capitalization would need to top $12 trillion. By contrast, the total hardware value of all Bitcoin mining rigs across the globe is only around $7 billion. How can a $12 trillion market be supported by merely $7 billion worth of mining hardware? This is utterly illogical and devoid of basic market sense. Are all institutional investors and capitalists in this space ignorant or irrational? This scenario completely defies commercial logic and fundamental capital principles. Scaling up network hash rate will only drive mining costs higher, amplify operational losses, and accelerate the onset of a death spiral. This is an unsolvable dead end under the existing rules—there is only one fix: expand block reward supply. The solution: #NAT #NAT is a native asset built directly on the Bitcoin mainchain. It shares identical hash power, blockchain, block generation cycle and wallet address system with Bitcoin, minting synchronously every ten minutes within each block. It functions as the secondary native asset minted in parallel within every Bitcoin block, Bitcoin’s twin asset sharing the same foundational blockchain infrastructure. Two of the world’s top 4 mining pools, SpiderPool and F2Pool, have already begun distributing #NAT to miners. The entities with the most to lose are the major Bitcoin holders ranked below: 1. Coinbase (Exchange + ETF custody): 976,000 BTC 2. Strategy (formerly MicroStrategy, public listed firm): 845,300 BTC (Latest financial filing update, June 8) 3. BlackRock IBIT (iShares Bitcoin Spot ETF): 817,100 BTC 4. Binance (User exchange reserves): 631,000 BTC 5. BTC seized by the U.S. government: 328,400 BTC 6. Fidelity FBTC ETF: 190,000 – 200,000 BTC 7. Grayscale GBTC: 144,000 BTC (Sustained net redemptions and drawdowns) 8. Bitfinex Exchange: Approximately 195,000 BTC
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Not Another Quant (@notanotherquant) reportedIs there any hope for the bitcoin:native bears? It may take a special event to do it. The Bull Market Support Band (BMSB 20W MA/21W EMA) acts as support during the bull and resistance during the bear. Currently Bitcoin has pushed up and closed above the BMSB. If a quick reversal isn't found the trend will shift into a bull. In a bull trend, the times it has been knocked below the BMSB have been due to a catalyst. In 2015 it was Bitfinex liquidations similar to October 10, 2025. In 2019 the Repo crisis made it oscillate around the band and it took the 2020 pandemic to dump us lower. In 2023 it was the banking crisis and Bitcoin wicked below the band to ~20k, but the chance only lasted days. Each time the recovery was quick and it was another chance to buy the bottom range. Will we get that chance again?
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BlackIntus (@Blackintus) reportedCrypto Fear & Greed Index: 16/100 — “extreme fear.” Bitcoin briefly broke $60K last week — worst stretch since FTX collapse in 2022. Now rebounding to $63,800. But Bitfinex warns: “Rallies are increasingly being sold rather than accumulated.” The structural problem hasn’t changed. Macro is restrictive. Rates are going higher. Bitcoin is a risk-on asset in a risk-off environment. 💰 YOUR MOVE: The $63,800 bounce is a relief rally, not a reversal. For the trend to change you need two things: Strait of Hormuz reopens (oil down, inflation pressure eases, Fed pause) or SpaceX IPO capital returns to crypto after the excitement fades. Neither is happening this week. If you’re long crypto, set a stop at $58,000. If you’re waiting to buy the dip — the structural floor is $52,000, not $60,000. @Blackintus
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Octopus (@Octop3s) reportedevery BIT exchange is shutting down. never see a world where Bitfinex would ever shut down. there’s just too much money in the reserves.