Seeking Alpha 2026-02-11 20:13:41

Crypto lender BlockFills suspends client deposits, withdrawals on market conditions

Crypto lender BlockFills on Wednesday said it has temporarily suspended client deposits and withdrawals, given the recent market and financial conditions. The move comes in the wake of Bitcoin ( BTC-USD ) experiencing a period of intense volatility lately. At times, the cryptocurrency traded at levels less than half its October 2025 peak of more than $126K. 2026 will mark the bear leg of Bitcoin's four-year cycle, with prices potentially falling to the $50K-$60K range this summer before rebounding in the fall, according to the digital asset and crypto fund manager Canary Capital. BlockFills said the management is working to bring this issue to a swift resolution and to restore liquidity to the platform. The Chicago-based company said clients have been able to continue trading for opening and closing positions in spot and derivatives* trading and select other circumstances.

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