Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»BITCOIN NEWS»Bitfinex Alpha | Even as the BTC market deepens, expands, and diversifies, more pullbacks are possible
BITCOIN NEWS

Bitfinex Alpha | Even as the BTC market deepens, expands, and diversifies, more pullbacks are possible

By Crypto FlexsJanuary 23, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitfinex Alpha |  Even as the BTC market deepens, expands, and diversifies, more pullbacks are possible
Share
Facebook Twitter LinkedIn Pinterest Email

January 22nd Bitfinex Alpha | Even as the BTC market deepens, expands, and diversifies, more pullbacks are possible

Post time: 14:08h
On Bitfinex Alpha
Maria Lobusova

Bitcoin’s plunge late last week led to a significant decline in unrealized profits, especially among short-term holders. We believe this could potentially contribute to increased selling pressure, particularly among recent buyers.

This group’s tendency to react more sensitively to short-term market movements could intensify selling, and we expect further market corrections to be possible, with significant support levels for Bitcoin only remaining at $38,000 and $36,000. These levels are closely aligned with the short-term holder realized prices discussed last week. Bitfinex AlphaIt plays a pivotal role in measuring Bitcoin’s short-term market stability and investor sentiment.

On a macro level, December saw a surprising surge in retail sales, driven by active car purchases and a significant increase in online shopping. This strong retail activity and higher-than-expected consumer sentiment hints at the risk of rising inflation, which will cause markets to reconsider how certain a rate cut is. We still think there is potential for policy easing, but it will be important to watch the data.

At the same time, the manufacturing sector, which accounts for 10.3% of the economy, grew only marginally in output as it continued to grapple with constraints imposed by the tight monetary policy in place since March 2022. This trend was further emphasized in January, with factory activity showing a further slowdown.

Manufacturing companies remain cautiously hopeful that conditions will improve, and the economic downturn, with jobless claims falling in January to a 16-month low, highlights the continued strength of the labor market. But more data is important to make more robust predictions about the economic outlook.

In the latest news in the cryptocurrency space, the South Korean government has signaled potential greater openness to approving a domestic spot Bitcoin ETF following the successful launch of the same product in the United States earlier this month. In fact, just two weeks after the launch of 10 spot BTC ETFs in the US, their popularity has led to them now surpassing the Silver ETF in terms of assets under management. This milestone not only highlights Bitcoin’s growing market acceptance, but also reflects a paradigm shift in investment preferences.

Last week, the Bitcoin ETF market is likely to deepen and diversify further, with ProShares, the original issuer of a Bitcoin ETF linked to the BTC futures market, filing for five new ETFs linked to leveraged and inverse BTC options. It turns out that there is. Increasing the range of ways one can gain exposure to Bitcoin is very healthy for the underlying market.

We are now in a more sophisticated, more liquid and arguably more mature market than we were just a few months ago. This is further evidence that the market is diversifying risk and increasing scale, even as the new Grayscale ETF has seen outflows as investors look to exit previously closed BTC trusts that Grayscale has converted into cheaper investment options. In other words, Grayscale maintains a strong presence in the market, holding over 500,000 Bitcoins. These significant holdings highlight the company’s potential to influence the wider market, a factor that will become increasingly important if the current pace of outflows continues.

Happy trading!

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

ZBCN is tradable!

October 15, 2025

Mobile App Change Log 7.17.0

October 9, 2025

Free bitcoin.in app withdrawal request My satoshi

October 3, 2025
Add A Comment

Comments are closed.

Recent Posts

ZBCN is tradable!

October 15, 2025

Analysts expect a breakout of $135 as ETF approval buzz grows.

October 15, 2025

Chinese woman pleads guilty ahead of trial in $7 billion British Bitcoin fraud case

October 15, 2025

XMoney Launches $XMN On Sui, Expands Listings Across Global Exchanges

October 15, 2025

ZNB) STRENGTHENS BALANCE SHEET WITH USD 231 MILLION BITCOIN-BACKED INVESTMENT AMID MARKET TURBULENCE

October 15, 2025

XRP price falls 6% as market crash causes whales to flee

October 15, 2025

US government holds $36 billion in Bitcoin after largest confiscation in history

October 15, 2025

Decoding City Protocol’s IP Capital Market

October 14, 2025

Tria Raises $12M To Be The Leading Self-custodial Neobank And Payments Infrastructure For Humans And AI.

October 14, 2025

How to Use Google Gemini to Analyze Crypto Coins Before Investing

October 14, 2025

Class action lawsuit claims Microsoft choked AI supply to drive up ChatGPT costs

October 14, 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

ZBCN is tradable!

October 15, 2025

Analysts expect a breakout of $135 as ETF approval buzz grows.

October 15, 2025

Chinese woman pleads guilty ahead of trial in $7 billion British Bitcoin fraud case

October 15, 2025
Most Popular

The Ethereum validator exit queue surges as Celesius and Figment withdraw their stake.

January 7, 2024

Pendle Protocol – For DeFi Users ADeep Dive

December 20, 2023

The A16Z is leading $ 25 million in funds for Miden Blockchain Project

April 29, 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.