bitfinex

Bitfinex's official social media post stated that whales have accumulated over 270,000 bitcoins in 30 days, marking the largest buying frenzy since 2013. Additionally, the bitcoin balance on the trading platform is at its lowest point since December 2017.

According to Onchain Lens monitoring, Tether purchased 951.35 BTC (worth 70.47 million USD) from Bitfinex. They now hold 97,204 BTC (worth 7.28 billion USD).

According to on-chain analyst Yu Jin's monitoring, the Bitcoin reserve address of USDT issuer Tether withdrew 951 BTC ($70.47 million) from Bitfinex 15 minutes ago. This should be the BTC they purchased in the first quarter of this year. The BTC stored in this wallet was bought with 15% of the company's profits since 2023, and they often withdraw the BTC purchased in the previous quarter from Bitfinex a few days after each quarter ends.Currently, Tether's Bitcoin reserve address holds 97,141 BTC ($7.2 billion), making it the fifth largest BTC wallet. Based on the price when they withdrew from Bitfinex, the average purchase price of these BTC is approximately $51,312, currently yielding a profit of $2.175 billion.

Bitfinex released a report indicating that tokenized commodities are moving from early experimentation to practical application, becoming an important manifestation of the reconstruction of real-world assets (RWA) on the blockchain. The core of this shift is not to create new demand, but to reshape existing market infrastructure.Data shows that the total market value of tokenized commodities has reached approximately $7 billion, growing nearly 600% since the beginning of 2025. Current major participants include crypto-native investors and high-net-worth individuals. Amid increasing geopolitical volatility, tokenization is enhancing asset liquidity and risk management flexibility. Gold remains the primary entry point, with Tether Gold accounting for nearly 40% market share.The report points out that on-chain gold possesses characteristics such as real-time transfer and global auditability, making it more suitable as collateral compared to physical assets, and it can overcome traditional trading hours and settlement limitations. In addition to gold, tokenized commodities have expanded into areas such as oil, natural gas, and agricultural products, with soybeans and soybean oil each around $400 million, and green financing-related exposure around $850 million, indicating that this model has cross-category expansion potential.At the same time, the traceability of blockchain has also enhanced supply chain transparency, meeting regulatory and ESG requirements. Bitfinex believes that in the future, the focus of tokenization will shift from precious metals to industrial products such as copper and oil, achieving a transition from "product innovation" to "market infrastructure upgrade" by improving collateral efficiency, asset circulation speed, and transparency.

Bitfinex released a report indicating that BTC ETFs recorded net inflows of $69.4 million and $114 million, ending a previous two-week trend of outflows. However, structurally, ARK Invest and Fidelity remain the main players, while the capital inflow for BlackRock's IBIT is limited, reflecting that institutional demand remains cautious.In addition, the funding rates in the derivatives market remained negative for most of the first quarter, indicating a continued dominance of short positions, with traders still inclined to pay for downside risk. Currently, there is a liquidation cluster below Bitcoin's price of about $66,500; if the price rises, it may trigger a short squeeze. However, overall, the market's confidence in this round of rebound remains insufficient.

Bitfinex Alpha's latest report supports that the current Bitcoin trend is under dual pressure from weakening demand and a deteriorating macro environment, with the market's future direction gradually being dominated by ETF fund flows.Currently, after failing to break through the range high, Bitcoin has fallen back to near the monthly opening level. The recent rise has been driven more by short liquidations rather than support from spot buying, reflecting insufficient upward momentum.At the same time, there has been a noticeable change in institutional funds. The continuous net outflow of Bitcoin ETFs indicates that the market is actively de-risking, and the capacity to absorb funds has significantly slowed down, further suppressing price performance.

According to CoinDesk, as of 1 AM, the number of long positions in BTC/USD on the Bitfinex exchange has surged to 79,343, reaching a 28-month high since November 2023.Historical data indicates that the surge in long positions on this platform has often served as a contrarian indicator, typically signaling price tops and impending sell-offs. For example, in the fourth quarter of 2025, while the number of BTC/USD longs increased by 30%, the spot price of Bitcoin fell by 23%.Currently, this extreme bullish sentiment indicator has once again raised a red flag. Coupled with geopolitical tensions and macroeconomic pressures, market analysts believe that Bitcoin's consolidation in the $65,000 to $75,000 range may end with a downward breakout, deepening the downtrend that began from last year's peak.

The Bitfinex analysis report points out that as Trump announced a five-day delay in plans to strike Iranian power facilities and stated that negotiations between the U.S. and Iran are "very smooth and constructive," the market reacted quickly. Bitcoin has maintained its opening position of $67,035 at the beginning of the month this week and is once again under pressure at the lower edge of the $72,000 to $82,000 "vacuum zone." The flow of ETFs further verifies the sensitivity of the market response: on the day the U.S. paused actions, the net inflow of ETFs reached $167.2 million, with IBIT absorbing $160.8 million, marking the largest single-day inflow since March 17, while ending three consecutive days of net outflows after the FOMC.Analysis suggests that the capital flow in the next two to three days will determine whether this rebound is a short-term "relief trade" or the starting point of a new accumulation phase. If the daily inflow of ETFs remains above $100 million, the conditions for supporting the "vacuum zone" may be reestablished; if the pullback deepens, Bitcoin may return to the previous consolidation range.

According to the data panel on the ChainCatcher official website, in terms of BTC wallet balances over the past 7 days, OKX had the largest decrease at 8.49%, while Bithumb had the largest increase at 2.54%.In terms of reserve assets, the top three net outflows over the past 7 days were OKX (-$626 million), HTX (-$297 million), and Binance (-$98.97 million); Bitfinex had the highest net inflow, reaching $200 million.

According to Lookonchain monitoring, Twenty One Capital transferred 392.19 BTC (worth 27.67 million USD) to Bitfinex after a 2-month silence.

Bitfinex Alpha's latest report indicates that Bitcoin has stabilized above the $70,000 mark ahead of this week's Federal Reserve meeting, with market momentum showing a clear rebound.Although the price has not yet broken through the current range high, the recent net inflow of funds into spot ETFs over four consecutive trading days and ongoing spot buying indicate that institutional investors are continuously accumulating within the range. The market is transitioning from a previously liquidation-driven volatility phase to a more robust "absorption" structure.On-chain and derivatives data also show an improvement in market structure, with funding rates remaining neutral and open interest gradually rising. Data indicates that around $72,500 had previously accumulated the highest short liquidation positions of approximately $2.4 billion. Once the price breaks through key resistance, it may trigger further upward momentum. Against the backdrop of escalating tensions in the Middle East driving oil prices up, the market generally believes that inflationary pressures may rise further in the coming months, which will continue to affect the liquidity environment of global financial markets, including crypto assets.

According to on-chain analyst Onchain Lens (@OnchainLens), a newly created wallet withdrew 738.38 XAUT from Bitfinex, worth approximately 3.8 million dollars.

According to the Bitfinex analysis report, Bitcoin has shown unexpected resilience recently. The current derivatives market is entering a "deleveraging wave," with speculative bubbles almost completely dissipated. The Leverage Reset Index (LRI) has fallen to a multi-year low of 0.32, indicating that price discovery is dominated by spot demand rather than derivatives leverage.Additionally, retail investors holding less than 10 BTC have continued to net sell over the past 30 days, while whales holding more than 1,000 BTC have increased their holdings by about 8% since the peak in October last year. The implied volatility of at-the-money Bitcoin options is around 47%, down from 100% during the 2022 bear market. Short-term options are slightly more expensive than long-term options, indicating that the market is pricing in recent uncertainties, but the long-term outlook remains relatively constructive.Overall, the Bitcoin market is transitioning from a leverage-driven correction to a high-confidence mean reversion phase dominated by macro liquidity, with prices potentially forming a stable rebound supported by spot demand and institutional accumulation.

According to documents from the U.S. District Court for the Southern District of New York, a federal judge in New York has approved the plaintiffs' motion for class certification in the market manipulation lawsuit against Tether and Bitfinex, and has divided the case into two groups of plaintiffs: spot investors and futures traders. It is reported that the case accuses Tether and Bitfinex of manipulating cryptocurrency market prices by issuing USDT from 2017 to 2019, resulting in losses of up to hundreds of billions of dollars for investors who purchased BTC and ETH.

Bitfinex reports that Bitcoin has experienced a consecutive five-month decline since 2025, marking the first occurrence of a "five consecutive down" structure since 2018, with a monthly drop of 14.93% in February and a maximum cumulative drawdown of approximately 52.34%. However, early signs of market recovery have emerged in March.Data shows that since March 1, approximately $3.2 billion in BTC has been systematically purchased at market price across exchanges, successfully reclaiming the $65,000 level; the Coinbase premium index has ended its continuous 40-day negative value and turned positive, indicating a return of U.S. spot buying. The derivatives structure also remains relatively healthy: open interest has risen to $53.1 billion, a 15.4% increase from Sunday’s close, but the perpetual funding rate is only about 9.5% APR, showing no signs of overheating. Open interest and spot have expanded in sync, reflecting that this round of increase is more driven by spot absorption.Regarding ETFs, the U.S. spot Bitcoin ETF recorded approximately $1.1 billion in net inflows last week, with a total of over $450 million on Monday and Tuesday, indicating that institutional demand remains a core support. Analysts believe that if key support holds, Bitcoin may recover to the $80,000-$85,000 range in the next 1-3 months; in the short term, attention should be paid to the $72,000-$74,000 area of concentrated short liquidations and the potential dynamic support at $66,000. The overall judgment remains cautiously bullish.

Bitfinex released a report stating that despite the fierce BTC sell-off momentum, the $60,000 to $62,000 range remains intact, indicating that forced selling is gradually transitioning to a phase where it is being absorbed by the market, rather than a new round of capitulation selling.The situation with derivative positions confirms that leverage has been fully reset. The open interest in futures has decreased by more than 50% from the peak in October, and after the escalation of the situation in Iran, the funding rate briefly turned significantly negative, indicating that market sentiment has bottomed out, with a large proportion of short positions. Historically, if spot demand follows, such extreme situations will create conditions for a rebound short squeeze.However, the options market presents a more complex picture: recent options skew remains defensive, with strong demand for downside protection, while the quarterly positions in late March show a clear bullish tendency, concentrated in the $80,000 to $90,000 range.

According to on-chain data, the wallet address marked as Bitfinex hot wallet has deposited 100 BTC (approximately 6.66 million USD) to Gate.

Bitfinex Securities has announced an update to its account structure, allowing users to trade tokenized securities without the need to separately open a dedicated securities sub-account. Under the new account structure, security tokens will be natively supported in the main account and standard trading sub-accounts. Previously, new users had to create a separate Bitfinex Securities sub-account before they could start trading. Existing securities sub-accounts will be converted into regular trading sub-accounts, while retaining the original asset segregation, login credentials, two-factor authentication (2FA) settings, and withdrawal permissions. After the update, users will be able to freely transfer security tokens between sub-accounts and the main account, and the related assets will also be displayed alongside other digital assets in the exchange wallet.

According to The Block, K33 research director Vetle Lunde pointed out that the current trading price of Bitfinex's LEO token is about 60% above its implied fair value, which may indicate that the market expects new developments in the process of handling the Bitcoin seized during the 2016 Bitfinex hack.Currently, approximately 94,636 Bitcoins related to this incident remain frozen, representing about 30% of the U.S. strategic Bitcoin reserves, and are undergoing legal proceedings to determine the victims' claims. According to Bitfinex's commitment in 2019, if the assets are recovered, 80% of them will be used to repurchase and burn LEO tokens.Analysts believe that if the court rules to return the Bitcoins to the victims rather than confiscating them by the government, about 75,000 Bitcoins could gradually enter the market over the next 18 months, with an average daily sell-off of approximately 139 Bitcoins.