- Bitfinex warns against major Bitcoin price surges.
- Bitcoin’s long positions are declining steeply.
- Bloomberg strategist predicts Bitcoin decline to $50,000 by 2026.
Bitfinex cautions traders against expecting major Bitcoin price surges, as recent whale activity suggests a slowdown in long positions above $90,000.
The warning highlights potential volatile corrections, with market dynamics indicating possible retracements rather than significant rallies in the immediate term.
Bitfinex Cautions Bitcoin Enthusiasts
Bitfinex cautions cryptocurrency enthusiasts, asserting that significant Bitcoin price pumps are unlikely in the near term. The alert coincides with a decrease in long positions from a peak of approximately 73,000 BTC in late 2025, signaling bottoming patterns before historical rallies. Bitcoin whales appear to be withdrawing, contributing to the slight market decline. Bitfinex’s warning does not carry direct quotations from top executives or founders. The cautionary stance aligns with Bloomberg’s Mike McGlone’s bearish outlook on crypto market trends.
Current Bitcoin Market Dynamics
Current Bitcoin prices hover between $90,500 and $91,000, slightly above a $88,000 support level. Market participants observe potential for either a short-squeeze above $95,000 or a significant retracement below $90,000, indicating market uncertainty. Recent data reveals an increase in open interest by 11.3% to $84.1 billion, contradicting the whale activity at Bitfinex. Despite this, a notable BTC rally has occurred, suggesting institutional investors are gradually re-entering the market landscape.
Arthur Hayes, co-founder of BitMEX, predicts Bitcoin could strengthen to $200,000 by March 2026, diverging from McGlone’s forecast:
“I predict BTC at $200,000 by March 2026, contrasting with McGlone’s bearish view.”
Historical Patterns and Whale Activity
Historical analysis suggests that whale activities at Bitfinex have preceded substantial rallies, sometimes exceeding 35%. This pattern could imply an impending upswing, although current market conditions remain competitive. Investors continue to watch developments closely.
| Disclaimer: The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions. |
