Bitcoin has faced its second-largest correction in the current bull run, dropping from an all-time high of $109,590 to a low of $77,041—a 30% decline caused by selling by short-term holders. Analysts from Bitfinex report that many of these holders, who bought Bitcoin recently, are experiencing net losses. Additionally, there were significant outflows from Bitcoin ...
Bitcoin’s price has surged 8% from its low of $76,703 on March 11, thanks in part to large investors buying in with leverage. Notably, margin long positions on Bitfinex have reached their highest level since November 2024, indicating strong confidence in Bitcoin’s potential for growth. Analysts suggest that Bitcoin often rises when central banks increase ...
Bitcoin’s price has increased by 8% since March 11, partly due to large investors buying in with leverage, pushing margin positions on Bitfinex to their highest since November 2024. Currently, these long positions stand at $5.7 billion, indicating strong investor confidence despite recent price losses. Some analysts suggest a close link between Bitcoin’s price and ...
A recent court order states that the Bitcoin stolen from the Bitfinex exchange in 2016, which the U.S. government seized in 2023, should be returned to Bitfinex. This decision comes from a filing in the U.S. District Court, which recognizes Bitfinex as the “sole victim” of the hack. Approximately 119,754 BTC was stolen, with some ...
A recent court ruling has determined that 94,000 Bitcoin, seized from the Bitfinex exchange hack in 2016, must be returned to Bitfinex. Originally valued at approximately $3.6 billion at the time of seizure, the Bitcoin has significantly appreciated and is now worth over $9.3 billion. This decision stems from a filing that acknowledges Bitfinex as ...
Tether recently added 7,629 Bitcoin, worth about $700 million, to its reserves, marking the biggest increase since March 2024. The transactions originated from Bitfinex’s hot wallet. Following a similar transfer the next day, Tether now holds a total of 82,983 Bitcoin, purchased for around $2.99 billion. This move is part of Tether’s strategy to allocate ...
A new Netflix documentary, “Biggest Heist Ever,” tells the story of the infamous 2016 Bitfinex heist, highlighting the actions of Ilya Lichtenstein and Heather Morgan, dubbed the “cringey couple.” They stole nearly 120,000 Bitcoin, initially valued at around $69 million, which is now worth over $11 billion. The couple’s attempt to evade capture ultimately failed, ...
