Bitcoin (BTC), the flagship cryptocurrency, started the first full week of 2025 with strong positive momentum, pushing through the key $100,000 mark on Monday and notching up a positive start to the new year. Ethereum (ETH), XRP, and other major crypto-assets have also delivered a solid performance during this initial period. After a strong week for crypto, Bitfinex Analysts have commented on the key trends in the Bitcoin and crypto ecosystem.
According to a note from Bitfinex’s team, the first quarter of 2025 could see some pullbacks in the price as the new US administration settles in, amid high hopes from the industry, with the “macro backdrop also suggesting some potential for volatility.”
But signs from bitcoin and crypto miners do seem to suggest that more gains could be ahead as the positive run sentiment “continues amid tightening supply, meaning that Bitcoin is well-positioned for further upside.”
Following these Bitcoin and digital assets ecosystem developments, Bitfinex has released their Alpha Market Report for the year.
Along with the report, Bitfinex analysts has shared key insights with CI.
Bitfinex Analysts have noted:
“With a recent Bitcoin All-Time High of over $104,000, we see a market that continues to look robust. While a deeper Q1 2025 pullback remains a possibility, the broader tightening of supply and bullish sentiment among miners indicate that Bitcoin is well-positioned for further gains in the medium term.”
They added:
“Miners are currently in profit, and the prevailing bullish market trend allows them to operate with greater ease. As a result, they have largely chosen to hold onto their BTC rather than sell.”
They also mentioned that the Net Unrealized Profit and Loss NUPL for miners remains very positive, “hovering around 0.5, suggesting that miners are still in a strong position, with substantial unrealized profits and a preference to hold onto their BTC at this stage.”