Institutional traders snap up Bitcoin during market correction on Bitfinex
Bitcoin accumulation on the Bitfinex exchange has surged in recent days, with large players taking advantage of the ongoing market correction. While retail investors remain cautious, institutional traders are actively building long-term positions at a rapid pace. Data shows that around 450 to 600 Bitcoin—worth between $14,000 to $20,000 per minute—are being bought every minute on Bitfinex. This steady flow translates to roughly $20 million entering Bitcoin daily. A significant portion of this activity comes from organic trades, with over 300 BTC accumulated each day through regular buying.
Institutional traders are employing a time-weighted average price (TWAP) strategy, aggressively purchasing Bitcoin below the $69,000 mark. Their confidence is evident, as the volume of long positions has now reached 79,193 BTC—the highest since November 2023. This accumulation trend has been building since late 2020, with around 79,000 BTC held using leverage.
The current buying spree is particularly notable because it is happening during a correction phase. This suggests strong conviction among large players, who appear to be positioning themselves for the long term. The surge in Bitcoin accumulation on Bitfinex highlights a clear divide between retail caution and institutional confidence. With daily inflows reaching $20 million and long positions at historic highs, the market is seeing sustained demand from major investors. Their strategy of buying during a downturn signals a belief in Bitcoin's future value.
