Bitcoin mining electricity costs could fall if Venezuelan oil production increases, though it may take several years before the benefits are fully realized, Bitfinex analysts say. US companies moving into Venezuela to extract the country’s enormous crude oil reserves could lower electricity prices for Bitcoin miners and improve their profitability margins, analysts at crypto exchange Bitfinex said. “Cheaper and more abundant energy would improve miner margins globally and could unlock a new phase of mining expansion, particularly in regions able to secure long-term power contracts,” the Bitfinex analysts said in a note on Monday. The US started seizing Venezuelan oil tankers in December, and it is expected to start extracting Venezuela's 303 billion barrels worth of crude oil reserves after capturing Venezuelan President Nicolás Maduro on Saturday. Read more
Bitcoin failed to flip $90,000 to support at the start of the last week of 2025, but Bitfinex whale long positions built on their highest levels in nearly two years. Bitcoin (BTC) heads into year-end 2025 stuck around $90,000 as stocks and precious metals roar higher. Bitcoin sees only a modest uptick after its last weekly close of the year, as liquidity analysis warns of a fresh dip. Traders’ cost bases form the backbone of support reclaim targets heading into 2026. Read more
Bitfinex said the recent 66% slide in spot trading volumes echoes lulls seen before next leg in the cycle. Bitfinex says crypto spot trading activity has fallen sharply this quarter, with volumes down 66% from January’s peak as traders step back amid softer ETF inflows and an uncertain macro backdrop. In a Sunday post on X, the exchange noted that the slowdown mirrors periods seen in earlier market cycles, where extended lulls often “precede the next leg in the cycle.” According to data from CoinMarketCap, 30-day crypto spot volumes have slipped from over $500 billion in early November to roughly $250 billion this week. Read more
Bitfinex analysts say this level of accumulation “supports the broader bullish narrative that new buyers entering the Bitcoin market are price-agnostic buyers.” New buyers entering the Bitcoin market are seen as price-agnostic and are scooping up the cryptocurrency faster than miners can supply, a likely boon for the price of Bitcoin. “Currently, the combined balance of these cohorts is expanding at a rate of approximately 19.3K BTC per month,” Bitfinex analysts said in a markets report on Monday. The analysts pointed out that the Shrimp (<1 BTC), Crab (1–10 BTC), and Fish (10–100 BTC) Bitcoin (BTC) holder groups are growing their Bitcoin portfolio much faster than the current monthly issuance rate, which has been around 13,400 BTC since the April 2024 halving. Read more