Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»BITCOIN NEWS»Bitfinex Alpha | Despite recent price declines, Bitcoin has never looked stronger
BITCOIN NEWS

Bitfinex Alpha | Despite recent price declines, Bitcoin has never looked stronger

By Crypto FlexsMay 15, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitfinex Alpha |  Despite recent price declines, Bitcoin has never looked stronger
Share
Facebook Twitter LinkedIn Pinterest Email

May 13th Bitfinex Alpha | Despite recent price declines, Bitcoin has never looked stronger

Post time: 12:35h
On Bitfinex Alpha
Maria Lobusova

subscribe
To Bitfinex Alpha!

Want to receive Alpha from Bitfinex every week?

subscribe

Bitcoin’s fundamental strength is that it is unwaveringly secure. As the network celebrated its billionth transaction last week, we were reminded that in addition to all the properties Bitcoin holds as a store of value and a hedge against monetary policy inflation, it is still a fast and cheap way to transfer assets peer-to-peer. – Peers without any intermediaries, banks, or governments acting as centralized institutions.

However, last week Bitcoin came under selling pressure, dropping its price from around $65,000 at the beginning of the week to $60,000. It appears that the selling entities were mainly short-term holders (holders of less than 155 days), but no long-term investors joined. In fact, the previously observed distribution of long-term holders in April appears to have weakened, and according to on-chain data, they do not appear to have participated in the recent sell-off.

If this trend continues, we could soon conclude that a bottom has already been formed and the upside potential has increased. The recent volatility in daily net inflows into US Bitcoin ETFs suggests mixed investor sentiment, indicating that the price may have reached a near-term bottom. For example, last Wednesday there were no inflows at all except for one of the US Bitcoin ETFs. On Friday, Blackrock’s popular ETF saw internal inflows, but these were smaller than outflows from GBTC, the Greyscale ETF. However, last Monday and last Friday, all funds, including GBTC, saw net inflows. These continued capital flows into BTC ETFs, with no clear direction either way, support our view that the bottom may be close to being reached.

Even in the macroeconomics, we can see markets changing cautiously before a clear direction emerges. The Federal Reserve’s hawkish approach to inflation has resulted in tightening lending and reducing U.S. wholesale inventories. Declines in both inventory levels and borrowing activity mean companies are bracing for an economic slowdown and adjusting their operating strategies in anticipation of it.

This cautious sentiment is also reflected in consumer behavior. U.S. consumer confidence fell to a six-month low in May, largely due to rising concerns about inflation.

Meanwhile, in the cryptocurrency space, the U.S. House of Representatives passed a resolution opposing the SEC’s requirement that banks list cryptocurrencies held by customers on their balance sheets. Although this is seen as a positive development, President Biden opposed the resolution, defending the need for regulatory guardrails to ensure the stability and integrity of the cryptocurrency industry.

The SEC is also at the center of an ongoing lawsuit against Ripple Labs, with the SEC challenging Ripple’s defense of allegations of recklessness in its XRP trading. The SEC is arguing that it should be able to take punitive action against Ripple to prevent possible future violations, even though the company has not recorded any violations of SEC rules since 2020.

Have a great trading week!

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether ETF is a comeback of $ 280 million, with bitcoin leaked stripes hit on the 5th.

August 22, 2025

Gemini file for Gemi’s NASDAQ list as a loss mount

August 16, 2025

Carv can be used for transactions!

August 10, 2025
Add A Comment

Comments are closed.

Recent Posts

7 Legit Cloud Mining Platforms For Daily Bitcoin Income In 2025

August 27, 2025

The Market May Be Heading For A Correction, And BTC Miner Guaranteed Principal And Interest Contracts Will Drive The Cloud Mining Boom.

August 27, 2025

$MBG Token Supply Reduced By 4.86M In First Buyback And Burn By MultiBank Group

August 27, 2025

Coinbase leads the cryptographic revolution with millions of users in more than 100 countries in 2025.

August 27, 2025

Kindly, MD’s $ 5B Bitcoin Play comes as DATS raises fear of wider Altcoin fluidity.

August 27, 2025

Origin Summit Debuts In Seoul During KBW As Flagship Gathering On IP, AI, And The Next Era Of Blockchain-enabled Real-World Assets

August 26, 2025

ROVR Releases Open Dataset To Power The Future Of Spatial AI, Robotics, And Autonomous Systems

August 26, 2025

Complete re -creation practice guide -AcKee Blockchain

August 26, 2025

Newcastle United Announce Multi-year Partnership With BYDFi

August 26, 2025

R0AR Chain Launches Public Node Sale Following $1 Million Whitelist Success

August 26, 2025

Easy Cloud Mining, High Daily Returns

August 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

7 Legit Cloud Mining Platforms For Daily Bitcoin Income In 2025

August 27, 2025

The Market May Be Heading For A Correction, And BTC Miner Guaranteed Principal And Interest Contracts Will Drive The Cloud Mining Boom.

August 27, 2025

$MBG Token Supply Reduced By 4.86M In First Buyback And Burn By MultiBank Group

August 27, 2025
Most Popular

Avenir Group

February 20, 2025

The SEC said small legal victories have big implications in the huge Coinbase case. Some lawyers disagree.

March 7, 2024

FANTOM: If FTM supports this level, it can be $ 0.85 next.

February 18, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.