Bitfinex: Spot Bitcoin Demand Holds Firm Despite Fed’s Hawkish Stance

BitcoinWorld Bitfinex: Spot Bitcoin Demand Holds Firm Despite Fed’s Hawkish Stance Bitcoin’s resilience is being tested by a more hawkish Federal Reserve, but spot demand remains solid, according to Bitfinex’s latest Alpha report.

The cryptocurrency briefly climbed above $81,000 last week before retreating after Fed Governor Kevin Warsh’s Jackson Hole speech, yet it continues to hold the key $77,100 support level.

Spot Buying, Not Leverage, Driving Gains Bitfinex analysts noted that August’s price gains were primarily driven by spot buying rather than excessive leverage. Open interest in derivatives rose only gradually, suggesting that the rally is built on more sustainable demand.

This is a positive signal for market health, as leveraged speculation often leads to sharp corrections. Institutional interest remains robust, with U.S. spot Bitcoin ETFs recording approximately $1 billion in net inflows last week.