Our analysts at Bitfinex forecast that the current #Bitcoin bull market cycle may peak in the fourth quarter of 2024. Historical data suggests Bitcoin typically reaches its new all-time high (ATH) several months after the halving event, with a market top potentially around Q4 2024. Key metrics, such as the market value to realized value (MVRV) ratio, currently at 2.56, indicate significant unrealized profit, historically peaking when the ratio exceeds 3.2. Bitcoin could reach at least $120,000 during this cycle based on on-chain indicators and historical patterns. Stay updated with the latest insights. #BitfinexAlpha💡 https://lnkd.in/eU9b2cXE
About us
Bitfinex is a digital asset trading platform offering state-of-the-art services for digital currency traders and global liquidity providers. Founded in 2012, Bitfinex was one of the first professional platforms set up to accomodate for the booming interest in cryptocurrency trading. Since then, our team has gained invaluable experience whilst cementing our spot as the go-to platform for digital asset traders and institutions. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital assets. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for professional traders and liquidity providers around the world. We're hiring! Visit www.bitfinex.com/careers to learn more. *Read below carefully* Beware of anyone contacting you directly, whether via direct message or via reply through a thread. Our channel admins will never contact you privately first, and they will never ask for any of your account details. Scammers may ask for a cryptocurrency payment in return of escalating and speeding up an existing request you have opened with our customer support. Be aware of giveaways on behalf of Bitfinex, the company will never promote these kind of initiatives in return of cryptocurrency deposits.
- Website
- http://www.bitfinex.com
External link for Bitfinex
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- BVI
- Type
- Privately Held
- Founded
- 2012
- Specialties
- Digital Currency, Finance, Financial Technology, FinTech, API, Trading, Cryptocurrency, Bitcoin, Bitcoin Exchange, Exchange, Ethereum, Blockchain, Margin Trading, BTC, Litecoin, Ether, and Market Making
Locations
- Primary
Get directions
BVI, VG
Employees at Bitfinex
Updates
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"One of the insights that Bitfinex Alpha analysts have arrived at this week is how the lower options open interest we are seeing is reducing any potential impact on the Bitcoin price from the generally large monthly options expiry." Cointelegraph picked up on this in their article today. We see some downside risk but not necessarily from the options market. https://lnkd.in/evjYFkgE
Will Bitcoin fall below $70K after $2.2B options expiry?
cointelegraph.com
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Glad to be CoinDesk chart of the day: #Bitfinex Alpha. Welcome to the $BTC accumulation period: https://lnkd.in/eXZ4xwv9
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Understand blockchain by reading #Bitfinex Alpha! "This resurgence in Solana is attributable to the advantages it offers over other blockchains in terms of transactions per second throughput and scalability. Both Solana and Ethereum continue to grow, but the rise in Solana is notable, and despite the fact that by TVL, Solana is four places behind Ethereum, it is second in terms of decentralized exchange volumes by chain, as more users find utility in its blockchain". https://lnkd.in/e5NN2Nkb
Solana rally continues on memecoin activity and DeFi; ether implied volatility outpace bitcoin's
theblock.co
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Things looking up for #bitcoin. “The European Central Bank is expected to cut interest rates... to stimulate economic growth. Lower rates typically weaken the euro and increase liquidity, which can boost risk assets, including Bitcoin.” https://lnkd.in/eqSASVii
Why Bitcoin may be boosted by a European Central Bank rate cut
cointelegraph.com
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#Bitcoin enters accumulation period 🚨 Bitcoin ETFs inflows for the last 2 weeks have averaged $136M per day! 💰 This is 4x the $32M daily sell pressure from miners. Welcome to the accumulation phase! Long-Term Holders who sold at the peak, are now re-accumulating Bitcoin for the first time since December 2023. Evidence of long-term bullish sentiment 🙌 Find out more about what is driving the markets: https://lnkd.in/eXZ4xwv9
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Equities rise, #Bitcoin rises. "During economic stress, bitcoin often mirrors stock market trends as investors liquidate assets, in a stimulus-driven environment with lower rates, bitcoin may benefit alongside equities due to increased liquidity." https://lnkd.in/eep6YYhP
Bitcoin rallies alongside equities as markets anticipate an ECB rate cut this week
theblock.co
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Bitfinex reposted this
Alana Mediavilla-Diaz joins Ricardo Martinez on Bitfinex Bitfinex Talks. Tune in to listen to their conversation. #bitcoin #dirtycoin #indiedoc https://lnkd.in/ep66Q2V4
Dirty Coin Documentary, Bitcoin mining, Malawi & energy with Alana Mediavilla | Bitfinex Talks
https://www.youtube.com/
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Welcome to Bitfinex, $VELAR! We always have a special place in our heart for #Bitcoin projects.
🎊 $VELAR is NOW LIVE on Bitfinex! 🎊 Velar token has officially become the first #Bitcoin ecosystem token to be listed on Bitfinex. This is a groundbreaking achievement for the project and the entire Bitcoin community. 🚀 Trade $VELAR now on Bitfinex! 💹 #VelarOnBitfinex
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With the EU elections in store, what does this mean for crypto assets? https://lnkd.in/gxRwjFDg
EU elections could hint at future direction for crypto regulations, Bitfinex analyst says
theblock.co