Part 1 Advanced The Market Maker’s Exchange Checklist (Liquidity, Latency, and Risk Controls) Market makers and HFT desks: evaluate exchanges on execution quality, liquidity, latency, fees, margin, and security — with a WhiteBIT walkthrough. Open guide Major Bitcoin withdrawal from Bitfinex prior to FOMC meeting
Bitfinex highlights influence of macroeconomic factors with timed Bitcoin withdrawal
Quick Take
With an outflow realized price of less than $11,000 for Bitcoin, Bitfinex fits the definition of ‘smart money.' It indicates an astute ability to acquire Bitcoin at a comparatively lower price, emphasizing strategic gameplay in a volatile cryptocurrency market.
Furthermore, an analysis of their notable transactions uncovers a substantial Bitcoin withdrawal, one of the largest this year, just an hour before the Federal Open Market Committee's (FOMC) meeting.
This whale-driven withdrawal, amounting to approximately $100M, throws light on the calculated moves often made in anticipation of significant financial events and potential market shifts. The correlation between the timing of these large-scale transactions and important economic announcements underscores the influential role of macroeconomic variables within the crypto market.


















