{"id":92802,"date":"2025-09-01T12:08:51","date_gmt":"2025-09-01T12:08:51","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=92802"},"modified":"2025-09-01T12:08:51","modified_gmt":"2025-09-01T12:08:51","slug":"bitfinex-alpha-btc-slips-alts-stagnate","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=92802","title":{"rendered":"Bitfinex Alpha | BTC Slips, ALTs Stagnate"},"content":{"rendered":"
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Download full report<\/a><\/div>\n<\/div>\n

Bitcoin<\/a> has slipped below $110,000, falling below its January 2025 peak of $109,590 and extending its drawdown to over 13 percent from the All-Time High of $123,640. While this breakdown carries technical weight, historical drawdown patterns and seasonality suggest the market is actually in the later stages of its corrective phase<\/a>, with $93\u2013$95,000 emerging as the most probable zone for a cyclical floor. On-chain data confirms this: the current Short-Term Holder Realised Price at $108,900 is now acting as a key pivot, with any sustained trading below this level likely to fuel further downside. Exchange order flow metrics such as Cumulative Volume Delta<\/a> also highlight a neutralisation of spot sentiment, reinforcing the view that buyers are stepping back until stronger catalysts emerge.<\/p>\n

Altcoins have been faring worse, reflecting broad risk-off behaviour. ETH<\/a> retreated 14 percent after briefly posting new ATHs, while XRP<\/a>, ADA<\/a>, and DOGE<\/a> saw double-digit losses<\/a>. Yet institutional demand remains resilient beneath the surface, with ETH treasuries and corporate buyers continuing to expand holdings. Mid-cap names like CRO and PUMP outperformed via narrative-driven rallies, though this rotation came at the expense of weaker names, not new inflows.\u00a0<\/p>\n

What is emerging is an Altcoin market cap that is stagnating, with any movement in alts signalling<\/a> capital rotation rather than expansion. With ETF inflows seasonally muted and speculative excess flushed, September could mark the cyclical low point before structural drivers reassert for a Q4 recovery.<\/p>\n

In the final week of August, US economic data presented a mixed picture for policymakers ahead of the Federal Reserve\u2019s September meeting. Consumer spending<\/a> in July rose 0.5 percent, the strongest in four months, but inflation pressures remained elevated, with core PCE<\/a> advancing 2.9 percent year over year. At the same time, job creation slowed to an average of 35,000 per month, though updated benchmarks from the St. Louis Fed suggest<\/a> fewer new jobs are now needed to sustain labour market stability. This recalibration lowers the threshold for policy easing, tilting expectations toward a September rate cut despite inflation staying above target. GDP data<\/a> added to the complexity: second-quarter growth was revised higher to 3.3 percent, fuelled by strong intellectual property and equipment investment, yet regional surveys such as the Chicago Business Barometer<\/a> signalled weakening business activity under the weight of tariffs and slowing confidence.<\/p>\n

Alongside these macroeconomic shifts, regulatory and crypto market developments highlighted broader financial support for the asset class. The Commodity Futures Trading Commission reaffirmed<\/a> the Foreign Board of Trade framework, clarifying that offshore exchanges can re-enter the US market under established rules\u2014an adjustment expected to improve liquidity and reduce market fragmentation. Corporate adoption of digital assets also accelerated, with BitMine Immersion Technologies<\/a> reinforcing its position as the world\u2019s largest Ethereum treasury company, holding $8.82 billion in crypto and cash while pursuing its ambition to acquire 5 percent of Ethereum\u2019s total supply. <\/p>\n

Meanwhile, El Salvador advanced<\/a> its sovereign Bitcoin strategy by dispersing its $682 million reserve across multiple wallets to mitigate security risks, paired with a public dashboard aimed at reinforcing transparency and positioning the country as a benchmark in state-level crypto governance.<\/p>\n

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The post Bitfinex Alpha | BTC Slips, ALTs Stagnate<\/a> appeared first on Bitfinex blog<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Download full report Bitcoin has slipped below $110,000, falling below its January 2025 peak of $109,590 and extending its drawdown to over 13 percent from the All-Time High of $123,640. While this breakdown carries technical weight, historical drawdown patterns and seasonality suggest the market is actually in the later stages of its corrective phase, with […]<\/p>\n","protected":false},"author":0,"featured_media":92803,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-92802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/92802"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=92802"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/92802\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/92803"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=92802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=92802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=92802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}