BlockFills Limited Operations During BTC Market Crash
Institutional crypto lending platform BlockFills announced that it halted customer deposits and withdrawals last week while the decline in Bitcoin and the overall crypto market continues. This measure was taken to protect customers and restore platform liquidity and remains in effect. In an X post, BlockFills stated that it resorted to this decision due to market and financial conditions and expressed that its management aims to resolve the issue quickly by collaborating with investors and customers. Customers can continue trading in limited situations such as opening/closing positions in spot and derivatives trading.
Source: BlockFills
The halt may affect approximately 2,000 institutional customers (including asset managers and hedge funds); these customers executed over 60 billion dollars in trading volume on the platform in 2025. BlockFills serves only investors with 10 million dollars and above in crypto assets. The platform, founded in 2017 by CEO Nick Hammer and Chairman Gordon Wallace, is backed by investors such as Susquehanna Private Equity Investments and CME Group. Bitcoin fell 24% from 78.995 dollars to 60.000 dollars last week, down 46.6% from its October peak of 126.080 dollars; currently at 67.085 dollars.
BTC Technical Outlook and Support Levels
BTC is in oversold territory with RSI 30.74; downtrend continues, EMA 20: 75.477$. Strong supports: S1 66.996$ (high-scored), S2 60.004$. Resistances: R1 68.478$, R2 73.126$. Click for detailed BTC analysis. This first major platform halt reflects the liquidity crisis.
Institutional BTC Purchases: Goldman Sachs and ETF Flows
In contrast, Goldman Sachs accumulated 1.1 billion $ BTC and 1 billion $ ETH. February 9 ETF flows: BTC ETFs had 144.9 million $ net inflows, ETH 57 million $. The BTC futures market may signal recovery. Cango Inc. also made a 305 million $ purchase.
Source: https://en.coinotag.com/blockfills-halts-deposits-during-btc-decline
