Bitfinex Analysis: “Bitcoin (BTC) Remains Strong Despite Sharp Drop!”

Jakarta, Pintu News – Bitcoin (BTC) has recently experienced a significant drop from its highest peak of $111,880, but according to a recent report from Bitfinex analysts, the digital currency is still showing structural strength.

Despite significant macroeconomic pressures, such as the reintroduction of tariffs that increased US government bond yields, Bitcoin (BTC) is considered to still have a strong foundation. The report emphasizes that this decline is more of a healthy reset than a complete failure.

Check out the full analysis here!

Market Analysis and Macroeconomic Influences

After experiencing a rapid rise of 50% in just 45 days, Bitcoin (BTC) reached an all-time high. However, the situation changed when re-imposed tariffs and a spike in 30-year bond yields above 5% triggered risk-averse sentiment.

This affects not only the stock market but also Bitcoin (BTC). Bitfinex analysts noted that the Bitcoin (BTC) derivatives market may be overheating, indicating that there is a lot of speculation and hedging in the market. According to the report, despite the large withdrawals, the structure of Bitcoin (BTC) has not been disrupted.

This suggests that the decline was more a result of reduced leverage and profit realization after a very rapid recovery. Open interest in Bitcoin (BTC) reached a record high of $49.4 billion, signaling that many traders are anticipating further volatility.

Also read: Bitcoin Investing is Now More Affordable with 3-in-1 Stock Split by 21Shares!

Institutional Adoption and New Investment

One positive indicator for the future of Bitcoin (BTC) is its increasing adoption by institutions. Large corporations are starting to look at Bitcoin (BTC) as part of their portfolio diversification. An example is GameStop, which has invested $513 million into Bitcoin (BTC) to diversify away from their declining core business.

Adoption by large corporations such as these shows growing confidence in Bitcoin (BTC) as an investment asset. It also helps to increase the legitimacy of Bitcoin (BTC) in the eyes of institutional investors and could be a positive catalyst for future growth in the value of Bitcoin (BTC).

Also read: 2 New Crypto that Recorded Over 15,000% Increase in Last 7 Days

On-Chain Metrics and Unrealized Profits

The report from Bitfinex also highlights several on-chain metrics that support the view that Bitcoin (BTC) is still in strong shape. The Relative Unrealized Profit indicator, for example, has surpassed the +2 standard deviation band, a zone that historically indicates euphoria usually followed by sharp daily price movements and local peaks.

In addition, the increase in unrealized profitable positions reached the highest level, which is likely to trigger significant profit-taking. While this could cause price volatility, it also shows that many investors have made substantial profits from the last price increase.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto News. Bitcoin Structurally Strong Despite Major Pullback: Bitfinex Analysts. Accessed on June 4, 2025
• Featured Image: Generated by AI