Bitfinex Alpha | After the Carnage, Still Some Hope

Review full report Subscribe to Bitfinex Alpha Subscribe to Bitfinex Alpha! Want to receive Alpha from Bitfinex every week? Subscribe if (document. cookie.

indexOf('sticky-note-subscribe=1') === -1) document. querySelector('#sticky-note-subscribe'). style. display = 'block'document.

querySelector('#sticky-note-subscribe-cta'). addEventListener('click', (e) => e. preventDefault(); document. querySelector('#sticky-note-subscribe').

style. display = 'none' ￰0￱ = 'sticky-note-subscribe=1; max-age=7776000';); . wp-block-buttons > . wp-block-button flex: 1;.

wp-block-buttons . wp-block-button . wp-block-button__link display: block; text-align: center;. wp-block-buttons .

wp-block-button:last-child . wp-block-button__link background-color: #1ABC91; border-color: #1abc9c; color: #fff; Bitcoin moved from above $126,000 last week to briefly below $103,310, marking an 18.1 percent drawdown and triggering the largest liquidation event in crypto history by notional ￰1￱ fell from $4,750 to $3,500, while several altcoins saw momentary declines of over 80 percent amid vanishing ￰2￱ $1 trillion in total market value was erased within three hours on Friday 10, October, as total crypto market capitalisation briefly plunged 22.6 percent from its October high of $4.26 trillion to $3.3 ￰3￱ than $19 billion in positions were liquidated in a single day, dwarfing previous records set during the COVID crash and FTX ￰4￱ sell-off was sparked by aggressive spot selling as US-China tariff tensions began escalating on 10 October, creating a 2.5x imbalance between sellers and buyers across major ￰5￱ the news broke of US tariffs on Chinese imports, futures markets compounded the decline, with Cumulative Volume Delta readings showing an overwhelming dominance of sell-side flow across both spot and perpetual markets.

Historically, such liquidation-driven capitulations have been followed by mechanical rebounds as volatility compresses and excess leverage is ￰6￱ Bitcoin, reclaiming and holding above $110,000 would confirm a stabilisation phase and open recovery targets near $117,000–$120,000, while failure to do so risks a retest of the $100,000 ￰7￱ latest economic backdrop in the United States reflects a widening disconnect between policy intent and real-world ￰8￱ Federal Reserve’s September meeting minutes revealed deep divisions within the Federal Open Market Committee over the pace and scale of upcoming rate ￰9￱ most policymakers favour additional easing to counter slowing job growth, a minority remain concerned that progress on tackling inflation has stalled, and warn against moving too ￰10￱ the challenge is a surge in economic policy uncertainty , driven by the ongoing government shutdown, shifting tariff policies, and tighter immigration ￰11￱ shutdown has halted key data releases, forcing markets to rely on private indicators showing an economy that is cooling but not ￰12￱ the fiscal gridlock, financial markets have remained ￰13￱ yields declined as investors sought safety, and a strong response to recent bond auctions highlighted sustained demand for long-duration ￰14￱ markets have also held firm: both investment-grade and high-yield spreads sit near two-year lows, signalling steady investor confidence and limited concern over ￰15￱ past week underscored how crypto and traditional finance are rapidly ￰16￱ Japan, mobile payments giant PayPay acquired a 40 percent stake in Binance Japan, paving the way for its 70 million users to trade and transfer crypto directly within the country’s most popular digital ￰17￱ finance is also deepening its crypto ￰18￱ asset financing group, Antalpha led a $100 million investment to create Aurelion Treasury , soon to become the first Nasdaq-listed corporate treasury backed entirely by Tether Gold (XAUt).

Meanwhile, GraniteShares filed to launch 3x leveraged crypto ETFs tracking Bitcoin, Ethereum, Solana, and XRP, expanding Wall Street’s roster of complex digital asset ￰19￱ debuts US Spot Crypto ETP with Native Staking Functionality.