Bitfinex

Bitfinex is the leading digital asset trading platform offering deep liquidity, advanced tools, and zero trading fees.

[Bitfinex @bitfinex]

Bitfinex is pleased to unveil: Master Your Universe. 🧠

Our new campaign that demonstrates how, after 13 years in crypto, Bitfinex is THE trading venue for professionals and institutions.

A thread 🧵

[RGB Protocol @RGB_Bitcoin]

Aaand it's on!

RGB on stage at @LuganoPlanB with @FedericoTenga and @VIhnatiuk.

Stablecoins might be seen as Bitcoin enemies, but they are actually useful to push the usage of Bitcoin itself.

RGB is the meta-protocol that represents a great scalability solution, opening the path for @utexocom to make USDT a reality on Bitcoin.

Let's keep building!

[Bitfinex @bitfinex]

“The first thing we have certainly achieved is visibility.”

@MicheleLugano (mayor of the City of Lugano) and Pietro Poretti talk about 4 years of @LuganoPlanB.

Visibility is the soft metric, the hard one is over 150 blockchain firms in Lugano since 2022.

[Bitfinex Securities @BFXSecurities]

The Future of Capital Markets took place in Lugano yesterday, bringing the industry together across bitcoin, tokenisation and traditional finance.

[Bitfinex @bitfinex]

$BTC open interest is up 4.2% from the 12 October low to 645,410 BTC, while price has stayed flat.

Funding has reached 7% to 9% annualised in peak sessions. Easing back towards 3% would put any rally on firmer footing.

[Bitfinex @bitfinex]

$BTC jumped to $83,470 on Tuesday alongside the biggest wave of short liquidations since 2 October, and has since given back most of the move to $82,085.

If ETF inflows broaden over the rest of the week, the next push higher would have spot buyers behind it.

[Bitfinex @bitfinex]

IBIT has taken in $66.2bn net since launch, more than the $57.5bn that has gone into all US spot $BTC ETFs combined.

GBTC is the reason, with almost $28bn of outflows since it became an ETF in January 2024, while every other fund is net positive.

[Bitfinex @bitfinex]

@TheBlockCo 🍿

[The Block @TheBlockCo]

Live from The Future of Capital Markets in Lugano https://t.co/A3fLSN8jAH

[Bitfinex @bitfinex]

$BTC is at $82,085, just below the $82,200 to $83,200 band where about 145,000 BTC changed hands this week.

A close back above $82,200 would show this week’s buyers holding their ground.

Above that, the next big cluster is close to 900,000 BTC around $84,100.

[Bitfinex Securities @BFXSecurities]

Backstage at The Future of Capital Markets with @RichardByworth, @AlexandreLaizet, @ColeMacro, @RaphaZagury, @macrocrunch and @knutsonjesse.

[Bitfinex @bitfinex]

Gm, Lugano. 🇨🇭

[Bitfinex Securities @BFXSecurities]

The Future of Capital Markets starts now!

[Bitfinex @bitfinex]

Buyers keep defending $81,300, and the next leg depends on whether ETF demand can carry $BTC past $84,333.
https://t.co/ItVipOe5uA

[Bitfinex Replies @BitfinexReplies]

https://t.co/NiK36bdxPa

[Bitfinex @bitfinex]

The market has reduced some leveraged $ETH exposure. Open interest is down about 26% from late September to $11.8bn, nearly twice the fall in price.

Leverage is back to mid-August levels with ETH about $400 higher, so if price steadies, the next move starts from a cleaner base.

[Bitfinex @bitfinex]

ETF buyers are back, with $526.7 million of inflows on Monday, and $BTC is holding its range.

The ceiling is $84,333, the average ETF cost. Our latest Intelligence Update looks at what carries price through it before the Fed meets.
https://t.co/1IjBkIqUua

[Thalex @ThalexGlobal]

You can replicate a call by trading its delta in the perpetual.

Replication has two advantages:
1. It can outperform the option if vol realizes low
2. It's a nice way for perp maxis to experience options

How can you try replication:
• Run a dfollow bot on thalex
• Trading fees are only 1 bps
• You can track any option we list

Caveats:
1. Chop increases replication cost b/c you're short vol
2. There is no clear max loss like a long option has
3. Best avoid short maturities, too much gamma

How to think about it:
Replication is short the volatility risk premium relative to owning the option. You win when that premium compresses and the path is not too mean-reverting.

What if you're an option maxi?
It can make sense to run a replicator. The example we show here is a nice one. Long-dated call 10 months out so delta does not swing wildly, upward slope in term structure, IV was rich at 50% (which re-rated to <40% later).

Nothing prevents you btw from selling a call and replicating a lower strike, thereby creating a dynamic delta covered call.

[Bitfinex @bitfinex]

On Bitfinex, a margin position can become a spot holding.

Repay what you borrowed and the asset is yours outright, with no leverage and no liquidation risk.

Zero trading fees either way.
https://t.co/5MN4Z3koXu

[Bitfinex Securities @BFXSecurities]

Which panel are you most looking forward to?

The full agenda for The Future of Capital Markets is now live.

Take a look and secure your place. Spaces are limited.

https://t.co/gGiHZ8atNv

[Bitfinex @bitfinex]

Nobody timed the $BTC bottom perfectly this year.

With Recurring Buy on the Bitfinex App, you didn't have to.

Choose how much and how often, and every purchase carries zero trading fees.
https://t.co/xJJT3EoY1M

[Bitfinex @bitfinex]

Every ETF buyer is underwater right now. $84,358 is the level that puts them back in profit and brings the flows back with it. Two weeks of outflows say that matters.

https://t.co/Q99NyCT6xt

[Bitfinex Replies @BitfinexReplies]

https://t.co/1PMF0bhDP1