ChainCatcher news, Bitfinex alpha's analysis indicates that the continuous outflow of funds from the US spot Bitcoin ETF (totaling $921.4 million last week) suggests that institutional buyers have not returned with sufficient strength to effectively offset market selling pressure. Short-term holders are also still facing net unrealized losses, which exacerbates selling pressure. These investors, especially those who bought in the past 7 to 30 days, are often the most prone to panic selling.Historically, when the inflow of new funds slows down and the trend of holding costs changes, it usually indicates that market demand is weakening. As the support strength of Bitcoin above key levels gradually diminishes, this trend becomes increasingly evident. Without new buyers entering the market, Bitcoin may enter a longer period of consolidation or even decline further due to the continued exit of weak hands.

ChainCatcher news, Bitfinex has released the latest analysis report, which points out that Bitcoin fell to a low of $77,041 last week, a pullback of 29.7%, marking the second deep correction in this bull market. Meanwhile, the continued outflow of U.S. Bitcoin spot ETFs (totaling $921.4 million last week) indicates that institutional buyers do not yet have enough strength to offset the selling pressure.Historically, when new capital inflows slow down and the cost basis trend changes, it indicates that the demand environment is weakening. As Bitcoin struggles to maintain above key levels, this trend becomes increasingly apparent. Without new buyers stepping in, Bitcoin may face the risk of long-term consolidation or even further declines, as weaker buyers continue to exit their positions. A key factor to watch is whether long-term holders or institutional demand will re-emerge at lower market levels. If wealthier investors begin to absorb Bitcoin sell-offs, it could signal a shift towards accumulation, potentially stabilizing price movements and reversing market sentiment.

ChainCatcher news, according to Cointelegraph, Bitfinex analysts pointed out that several key technical indicators have turned bearish, leading to speculation that the bull market cycle may have ended prematurely. Nevertheless, Bitcoin's 4-year cycle remains an important factor. Historical price trends suggest that it is not yet the beginning of a long-term bear market, and the $72,000-$73,000 range remains a key support zone. Global government bond yields and stock trends may determine Bitcoin's next major move.

ChainCatcher message, according to TheDataNerd monitoring, in the past hour Tether Treasury deposited 83.55 million USDT to Binance and Bitfinex, with 58.18 million USDT deposited to Binance and 25.37 million USDT deposited to Bitfinex.

ChainCatcher news, according to Coinglass data, the total balance of Bitcoin wallets on major cryptocurrency exchanges is currently 2,215,739.85 BTC, with a net inflow of 3,577.71 BTC over the past 7 days. Coinbase Pro has seen an outflow of 2,068.38 BTC in the past 7 days, while Binance has an inflow of 2,337.80 BTC, Bitfinex has an inflow of 3,227.60 BTC, and Bybit has an inflow of 5,738.15 BTC.

ChainCatcher message, according to the latest data from DefiLlama - CEX Transparency, from February 21 to 27, 2025, following the Bybit hacking incident, Binance had a net inflow of $3.971 billion that week. In contrast, the total net inflow of the other 9 major exchanges (excluding Bybit) during the same period was $396.83 million, making Binance's inflow 10 times that of these exchanges combined.At the same time, in February 2025, Binance's net inflow for the month reached $5.323 billion, while the total net inflow for the other 9 exchanges (excluding Bybit) was $1.229 billion. This means that Binance's monthly net inflow was 4.33 times that of the total for these nine exchanges. (Note: Bitget's data for the month has not yet been disclosed.)It is noteworthy that Binance's monthly net inflow is nearly 7 times that of the second-ranked exchange, Bitfinex ($768.19 million). Additionally, according to DeFiLlama's historical data, in the past 12 months, Binance had a net inflow exceeding $3 billion for 6 months. Among them, in November 2024, it reached a peak of $9.2946 billion, setting the highest record in the past year.

ChainCatcher news, according to K33 Research data, the premium rate of the LEO token's market value relative to the market value of 75,700 Bitcoins has reached 41.82%, setting a recent high. K33 Research's research director Vetle Lunde pointed out that the market seems to be preparing for Bitfinex to recover 94,000 Bitcoins.According to the LEO token white paper, Bitfinex will use 80% of the Bitcoins (approximately 75,000) to repurchase and destroy LEO tokens within 18 months.Previous news, the U.S. government stated that the Bitcoins seized in the Bitfinex hacking incident should be returned in kind.

ChainCatcher news, the Bitfinex Alpha report shows that Bitcoin fell by 17.39% in February, marking the worst February performance since 2014 and the second worst February in history. Since hitting bottom after the FTX collapse in November 2022, Bitcoin bull market corrections have typically ranged between 18-22%, but February saw a correction of 28.3% from January's historical high of $109,590, making it one of the most significant corrections since the end of the bear market.On March 2, U.S. President Trump announced the establishment of the U.S. Crypto Reserve Program, triggering a strong market rebound, with Bitcoin rising 20% from recent lows and a single-day increase of over 12%. However, subsequent sell-offs pushed the Bitcoin price back down to around $92,000. Bitfinex analysts believe that macroeconomic conditions (including the performance of the S&P 500 index) will significantly impact Bitcoin's trajectory in the coming weeks before the details of the Crypto Reserve Program are announced.The report also points out that the U.S. economic situation is complex, with persistent inflation, declining consumer confidence, and slowing economic growth. January's personal consumption expenditure inflation data showed a year-over-year growth rate of 2.5%, exceeding the Federal Reserve's 2% target. Rising service costs and new import tariffs are expected to further affect the Federal Reserve's ability to adjust interest rates, reducing the likelihood of recent rate cuts.

ChainCatcher news, according to Cointelegraph, Bitcoin whale "Spoofy" increased his holdings by $344 million in Bitcoin on Bitfinex during the market downturn.It is reported that he bought 4,000 Bitcoins when the price dropped to the range of $82,000 to $85,000. Spoofy has influenced the Bitcoin market multiple times. In 2017, this trader was accused of engaging in illegal market manipulation.

ChainCatcher news, according to Coinglass data, showed that in the past week, 7102.08 bitcoins flowed into the Bitfinex exchange, while the Binance wallet saw an outflow of 172.54 bitcoins in the past 7 days, and the OKX wallet had an outflow of 463.03 bitcoins in the past 7 days.

ChainCatcher message, according to Whale Alert monitoring, about 15 minutes ago, 36,600 ETH was transferred from Bitfinex to Binance, worth $96,383,692.

ChainCatcher news, according to Whale Alert monitoring, a transaction totaling 150 million USDT (approximately 150.08 million USD) was transferred from Bitfinex exchange to Tether Treasury.

ChainCatcher news, according to on-chain analysis platform Whale Alert, Bitfinex exchange transferred 20,000 Ethereum (ETH) to an unknown wallet address, worth approximately $54.085 million.

ChainCatcher message, according to Whale Alert monitoring, 1000 BTC ($98,073,897) was transferred from Kraken to Bitfinex.

ChainCatcher news, Bitfinex released a report indicating that the price of Bitcoin has stagnated in the range of $91,000 to $102,000, entering a consolidation phase that has lasted for over 75 days. However, this prolonged range-bound movement reflects the increasing maturity of Bitcoin as an asset, with its annualized real volatility having dropped to historical lows.Nevertheless, Bitcoin remains sensitive to macroeconomic developments, particularly when Trump announced tariffs against Mexico and Canada, leading to a significant price drop. Recent trends suggest that BTC is increasingly being viewed as a risk asset rather than merely a store of value. Its correlation with the S&P 500 remains strong, while its correlation with gold has weakened.Bitfinex expects the range-bound movement of Bitcoin to continue in the near term, potentially facing downward pressure if macroeconomic conditions worsen. However, despite gold's continued rise and changing institutional sentiment towards Bitcoin, the narrative of Bitcoin as a store of value remains intact in the long run.

ChainCatcher news, Bitfinex analysts stated in a recent market report that Bitcoin's trend may undergo a decisive change, "especially as more macroeconomic developments unfold."They pointed out that since mid-November last year, when it hovered around $90,000, Bitcoin has been trading within a 15% price range. Historically, a 15-20% consolidated price range tends to "break out in either direction within 80-90 days."It was noted that although Bitcoin is "highly correlated" with macro conditions, and U.S. President Trump’s tariffs on Canada, Mexico, and China have caused turmoil in the cryptocurrency market, Bitcoin has recently managed to stay above approximately $70,000 ahead of the U.S. elections, indicating the relative strength of the asset.Trump's tariff policy led to "the largest liquidation event in cryptocurrency history" on February 3, with over $2.24 billion in liquidations within 24 hours.Analysts added that "while Bitcoin's short-term volatility may persist due to macroeconomic influences, its long-term outlook remains optimistic."

ChainCatcher news, Bitfinex Alpha's latest report shows that the Bitcoin market is undergoing a structural transformation. Although the BTC price fell below $100,000 due to Trump's tariff policy, the continuous accumulation by institutional investors indicates market resilience. MicroStrategy increased its holdings by 10,107 bitcoins for $1.1 billion, bringing its total holdings to 158,400 bitcoins, and submitted a financing application to the SEC in preparation for future purchases; the Japanese listed company Metaplanet completed a $745 million financing to expand its Bitcoin reserves to hedge against the risk of yen depreciation. In January 2025, BTC recorded a 10% increase, with prices consolidating within a 15% range for nearly 65 days.On a macro level, Bitcoin's correlation with traditional markets has increased, with a 30-day correlation with the S&P 500 reaching 0.8, a new five-month high. The Federal Reserve maintained interest rates at 4.25%-4.50%, with inflation still above the 2% target, and core PCE year-on-year remaining at 2.8%. Meanwhile, Tether is integrating its $140 billion USDT into the Bitcoin Lightning Network, enhancing network payment efficiency through Taproot Assets technology, and driving Bitcoin's transformation from a store of value to a payment network.

ChainCatcher news, according to Lookonchain data monitoring, before the market crash, a whale wallet that had been silent for 6 years transferred 77,736 ETH to Bitfinex, worth approximately $228.6 million.According to analysis, this wallet had previously withdrawn 77,736 ETH from Bitfinex on January 5, 2019 (at that time worth only $11.9 million).

ChainCatcher news, Bitfinex Alpha's latest report shows that the correlation between Bitcoin and the S&P 500 and Nasdaq has reached a new high for the year, while the implied volatility of options has decreased by 13% this week, indicating that traders expect price fluctuations to ease.On the macro front, the number of unemployment claims in the U.S. has risen to the highest level in three years, and the consumer confidence index has ended a six-month streak of increases, with growing concerns in the market regarding the Trump administration's trade policies and regulatory changes. On the institutional side, there has been a surge in applications for Litecoin, XRP, and Solana ETFs, indicating rising institutional investment interest, while the U.S. House Oversight Committee has launched an investigation into unfair banking services faced by crypto-related entities.