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BTC Profits Hit Record, But $1.5B In Longs At Risk Below $102.7K

Maxwell Mutuma
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0
BTC Profits Hit Record, But $1.5B In Longs At Risk Below $102.7K

Key Insights:

  • Bitcoin (BTC) supply in loss drops below 2%, signalling near-universal profitability.
  • $1.45B in leveraged long positions could be wiped out near $102,700.
  • Sentiment hits six-month high, echoing patterns before past market peaks.

At press time, BTC was trading around $104,000 as almost all holders are in profit. But below $102.7K, there are $1.45 Billion in long positions at risk.

Sentiment is at a peak since late 2024, and price patterns have indicated previous declines following steep rises. Should traders be on the lookout for signs of a correction?

BTC Supply in Loss Hits Historic Low

The percentage of BTC supply in the red has fallen below 2%, one of the lowest amounts ever seen. According to the CryptoQuant chart, almost all Bitcoin holders are in profit. In the past, such a situation has tended to arise close to major market peaks.

Bitcoin supply in loss (%)
Bitcoin supply in loss (%) | Source: CryptoQuant

When Bitcoin becomes so profitable as this, it can be a sign of investor overconfidence. Previous cycles reveal that price pullbacks occur when less than 5% of holders are in the red.

For example, the same levels were observed at the 2021 and 2017 peaks, which were followed by sharp corrections. The current BTC price is over $104,100, a good rally from previous months.

However, as profits increase, selling pressure may return. Investors may begin to take profit, especially those who have held through lower price ranges.

$1.45 Billion in Longs Could Be Liquidated Near $102.7K

If BTC drops to $102,700, long positions worth $1.45 billion could face liquidation. This risk is based on data from Coinglass.

These leveraged positions are clustered on leading exchanges: Binance ($37.68M), Bybit ($31.93M), and OKX ($14.97M).

BTC exchange liquidation map
BTC exchange liquidation map | Source: Coinglass

The liquidation map shows high risk right below current price levels. With BTC traded above $104,000, a decline of less than 1% can initiate massive liquidations. This configuration demonstrates how sensitive the market is at the moment.

Trading traders in a hurry can incur losses by using leverage. This can lead to a cascading effect as positions are automatically closed. That would add selling pressure and may drive prices down quickly.

The map shows high trading volume between $101,500 and $103,100. This suggests that this price range is crucial for immediate support.

Sentiment Index Reaches Six-Month High

According to the Bitwise Cryptoasset Sentiment Index, investor mood is at levels last seen in late 2024. Per the chart, the sentiment index has just risen above 1, which means very bullish sentiment.

Since early 2023, BTC has seen a strong price surge. At the start of that rally, it was trading below $30,000.

Bitcoin price vs
Bitcoin price vs cryptoasset sentiment index | Source: X

Sentiment is most of the time a laggard. When the investors get over-optimistic, market tops are not far off. The sentiment level is in early November 2024, on the eve of a price dip. Overconfidence can increase the risk, particularly if traders disregard the downside threats.

Simultaneously, the price has been on an upward trend since April 2023. It’s now almost $104,000 with a few consolidation periods in between. These pullbacks have been minor and brief thus far, but the increase in sentiment could indicate that the rally is getting overextended.

Pullback May Be Near According to Recent BTC Price Action

According to the recent chart from TradingView, BTC has gained almost 42% from the $74,000 level. This rally has been consistent with occasional 4% corrections along the way. These small drops were experienced in April and early May, followed by renewed buying pressure.

BTC Price chart
Source: X

Trackers of these patterns are indicating that another pullback may be developing. The chart contains downward arrows indicating similar 4% declines following powerful upward trends. If the trend persists, BTC may correct to about $99,600 or even less.

Even a little drop would have a significant impact on altcoins. More often than not, a 4-5% drop in Bitcoin has been followed by 10-15% corrections in other crypto assets. This correlation means current levels are dangerous for leveraged traders and altcoin investors.

The market could be overextended with the high level of long positions and the low supply of losses. And if prices fall below $102,700, the $1.45 Billion in long liquidations may accelerate a fall. That risk becomes even more apparent when sentiment is too bullish.

Whales Load Up As ETH Gains — But One Key Level Holds The Real Test

Josh Alba
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Whales Load Up As ETH Gains — But One Key Level Holds The Real Test

Highlights:

  • Whales bought over $4.5M in ETH and WBTC as price moved past $2,000.
  • Accumulation addresses now hold over 20M ETH—an all-time high.
  • $2,380 remains a major resistance as most ETH holders are still at a loss.

Ethereum has taken back the $2,000 mark after a slow couple of weeks, driven by increased whale activity and on-chain accumulation.

Although smaller investors’ sentiments are still cautious, big wallets keep on buying, which is setting the stage for a crucial test near the $2,380 level.

Whales Make Bold Moves as ETH Climbs Above $2,000

A wallet associated with Trump’s World Liberty initiative recently purchased 1,587 ETH worth approximately $3.5 Million. It also bought 9.7 Wrapped Bitcoin (WBTC) valued at about $1 Million as reported by Lookonchain.

The wallet in question has been active on a number of decentralized finance platforms such as Aave and ParaSwap.

eth
Source | X

The purchase followed not long after Ethereum (ETH) broke the $2,075 level, a price that it had not seen for over six weeks. The timing implies confidence by large holders, “whales,” who typically take advantage of the current weakness in the market among smaller retail traders.

Additionally, data from CryptoQuant shows, Ethereum accumulation addresses have increased at the highest rate in the network’s history. Between early 2024 to date, the total ETH held by these wallets has skyrocketed, from less than 15 million ETH to more than 20 million ETH.

ETH balance on accumulation
ETH balance on accumulation addresses | Source: CryptoQuant

This consistent buying has continued despite corrections on ETH’s price. The accumulation trend suggests that big holders may be setting up for a future price increase.

They’ve continued to purchase even when the price dropped, indicating they’re not so focused on short-term volatility.

At the same time, the general market has demonstrated some hesitations. The majority of the addresses that own ETH are in a red.

According to the IntoTheBlock data, 65.49% of ETH addresses are currently “out of the money” – they purchased ETH at higher prices than the current level. Only 30.56% are in profit, 3.95% break even.

Ethereum global in/out
Ethereum global in/out of the money | Source: X

The biggest cluster of addresses that bought ETH was between $2,039 and $2,492, which included 12.72 million addresses holding more than 69 million ETH.

This range now serves as a supply barrier. The possibility of a continued uptrend is unclear if ETH does not break above $2,380.

Social Sentiment Shows Fear Amid Uptrend

Market behavior has also been influenced by social media activity. Social volume around low ETH price targets was boosted around May 7, after the Pectra upgrade, as per Santiment’s recent data.

The crowd leaned heavily bearish during this time. Most traders on social platforms were discussing ETH in the $1,400–$1,900 range.

Comparison of lower vs. higher
Comparison of lower vs. higher ETH price calls across social media | Source: Santiment

Such crowd fear has usually meant local lows in the past. For instance, peaks in negative sentiment on February 16 and March 23 were short-term peaks, fear on April 6–8 and again on May 7 were good entry points for long-term holders.

Santiment reported, “Ethereum has cruised above $2,075 for the first time in over six weeks… rewarding those who have been patient”. This recent surge occurred despite wider retail sell-offs and increased interest in meme coins as they analyzed.

This trend indicates an increasing disconnection between retail sentiment and actual price movements.

$2,380 Emerges as the Real Resistance

Although ETH has taken back the $2,000 level, analysts cite $2,380 as the next test. This is the price range where many of these holders previously bought ETH, and a lot of them are still underwater.

A breakout above this level could turn many of those holders from losers into winners and thus help to reduce the selling pressure. Any rally is still vulnerable to being capped until then.

That is why the $2,039–$2,492 range, which was determined in the IntoTheBlock chart, is important.

SUI Gears Up For Another Bullish Surge — $5 In Sight?

Maxwell Mutuma
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0
SUI Gears Up For Another Bullish Surge — $5 In Sight?

Key Insights:

  • SUI price surges over 20%, breaking out of its descending channel near $3.75.
  • Network accounts rise to 180M, with a 38.56% increase in just 30 days.
  • Short liquidation levels cluster around $3.95, adding pressure for another upward move.

SUI has soared more than 20% to trade close to $3.91 after breaking out of its downtrend, while account activity on the network has shot past 180 million.

Meanwhile, liquidation data reveals increasing short pressure around current levels to back the momentum building toward a $5 target.

SUI Breaks Channel With 20% Move and Eyes $5

SUI has broken out sharply from its falling channel, up over 20% and trading around $3.91 at the time of writing. The 4-hour chart shows a clear breakout above the upper trendline of the falling channel that has been constraining price action since late April.

SUI/USD
SUI/USD | Source: TradingView

This breakout has created a bullish impulse where the next target price is $5. The move followed repeated support tests around $3.25, then rising buying pressure.

If price remains above the breakout level, the measured move projection indicates a rally of approximately 27%, consistent with the $5 psychological level.

The price structure now has early indications of a bullish reversal. However, follow-through volume and holding above key short-term levels will be crucial for momentum to continue.

User Growth Accelerates With 180M Active Accounts

On-chain data reveals a significant increase in user growth across the SUI network. As at May 8, the number of accounts totalled 180,360,507.

In the last 30 days, SUI has added over 50 million accounts, a 38.56% increase, as reported by Torero_Romero.

Sui total accounts
Sui total accounts | Source: Torero romero

This drastic rise signifies wider usage of the network and more usage. SUI accounts are only counted once a transaction is complete, so the numbers are active wallets, not idle sign-ups.

The steady increase of active accounts indicates that more people are using applications based on the SUI blockchain.

Network activity and price movement are commonly associated with account growth. Greater numbers of users can translate into greater transaction volumes and liquidity, which tends to be good for asset value. This is consistent with the recent price breakout and may provide more support to the current rally.

TVL Shows Renewed Growth Across SUI Ecosystem

Furthermore, SUI’s TVL has also been increasing again after a recent dip. The most recent data from DeFiLlama indicates that TVL is again over $1.8 Billion, after briefly dipping below $1.5 Billion in early April. This rise contributes to the bullish view of the SUI ecosystem.

SUI TVL
SUI TVL | Source: DefiLlama

TVL indicates how much capital is being locked in smart contracts in the network. Greater TVL often implies more lending, trading or staking activities.

The gradual recovery of SUI from its March dip indicates increasing confidence among users and builders. It also indicates that funds are coming back to the network after short-term exits.

TVL has doubled in the last year, and the recent spike has coincided with the spike in wallet activity and price movement.

These trends combined point to increasing demand from traders and DeFi users who are creating long-term positions.

Liquidation Map Points to Short Squeeze Risk

On the other side, the SUI Exchange Liquidation Map data shows a cluster of short liquidations in the $3.95–$3.99 range. At the time of reporting, the price was in a high-risk area for shorts. If the price continues to rise, it could cause forced buybacks as short positions are closed.

SUI Exchange
SUI Exchange | Source: coinglass

The map displays liquidation leverage at major exchanges including Binance, OKX and Bybit. Blue bars indicate short liquidations, and their volume rises sharply above $3.90. A continuation above $4.00 may prolong liquidations and give additional impetus to another price leg.

At the same time, long liquidations are still low, which indicates a lack of downside pressure from over-leveraged longs.

With the shorts under pressure and new users coming to the network, the setup is in favour of the bullish case. These mechanics can help push SUI closer to the $5 target because liquidation events tend to add buying momentum.

Bulls Dominate BTC Futures As $100K Comes Into View

Anuj Bhor
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Bulls Dominate BTC Futures As $100K Comes Into View

Highlights:

  • BTC futures dominance surged, with long positions outpacing shorts by a wide margin.
  • Realized cap hits all-time high, showing long-term holders are adding to positions.
  • MVRV Z-Score remains low despite price nearing $100K, indicating no major top yet.

The bullish pressure in the futures market is building as Bitcoin approaches $100K, while the realized cap hits new highs.

Meanwhile, the MVRV Z Score remains low, implying there’s still room for further growth and confidence of long-term and short-term holders.

Futures Data Signals Bullish Strength

According to Bitcoin futures data, the buyers are now in control of the market. As CryptoQuant’s Futures Position Dominance v2.0 chart shows, long positions are on the rise.

On the chart, the cluster of green arrows reflected long build-up activity between May 6 and May 8. This means that there were aggressive buyers in the market.

Bitcoin futures position
Bitcoin futures position dominance v2.0 | Source: CryptoQuant

Futures dominance also grew from roughly 25,000 BTC contracts to close to 75,000 BTC by May 8. With a rising price, this large increase in futures activity was bullish.

Long covering also rose, and short positions fell sharply. This indicates that sellers were closing out their positions as price pressure pushed higher.

Two important accumulation zones are highlighted on the chart with green circles. The first zone was around May 6, when the price consolidated and volume went up.

The second zone saw dominance of futures after a breakout above $96,000. All these signs suggest that the market has confidence in Bitcoin and it’s moving towards $100,000.

Market Capitalization Breaks New Ground

Additionally, Bitcoin’s realized capitalization hit an all-time high. By May 7, 2025, the realized cap was $890.74 Billion.

This is a metric that shows the value of all BTC based on the price at which the last coin moved. It shows long-term holder behaviour and conviction by investors.

On the same day, Bitcoin’s market price was $97,025.15. The fact that the cap is rising along with the price indicates that the long-term and short-term holders are confident. According to CryptoQuant, this has happened for three straight weeks.

Bitcoin realized cap
Bitcoin realized cap | Source: CryptoQuant

Broad accumulation often accompanies this continuous rise in realized cap. More coins are being held at higher prices.

That means investors aren’t rushing to sell, even near the all-time highs. This bolsters the bullish argument for Bitcoin’s short-term direction.

Additionally, Bitcoin’s MVRV Z-Score, a popular indicator, compares market value to realized value based on historical data to find overbought or underbought levels.

Bitcoin MVRV Z-Score
Bitcoin MVRV Z-Score | Source: Bitcoin magazine

At the time of writing, early May 2025, the MVRV Z Score is just above 2. Major tops in previous market cycles have occurred when the score was above 7.

In other words, the market is not yet in the overvalued zone. Even though Bitcoin is close to $100,000, this metric indicates that there could be more room for price growth.

Technical Breakout Confirms Uptrend

The strength of the breakout is also confirmed by technical analysis. The Ichimoku Cloud analysis shows that BTC has broken above a tight range between $92,880 and $95,800. Now, price is testing $99,577, which is marked as the “level to watch.”

The clean breakout was backed up by strong candle formations above the red baseline (Tenkan-sen) and blue line (Kijun-sen).

These are part of the Ichimoku system and indicate trend direction. The cloud breakout was above the cloud, indicating a bullish trend.

Bitcoin Ichimoku analysis
Bitcoin Ichimoku analysis | Source: X

Price targets above $100,000 are shown on the chart, as the cloud projects higher support levels. With the cloud thick and rising, support is strong even if the price dips.

The recent breakout is in line with what the futures data and valuation models are already saying. Sellers are out of the way, and bulls are in charge.

Now, price action, investor behaviour, and market structure were pointing to the $100,000 level as the next key target.

BTC Whales Add 81K Coins Amid Retail Exit — Is Smart Money Signaling the Next Move?

Maxwell Mutuma
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BTC Whales Add 81K Coins Amid Retail Exit — Is Smart Money Signaling the Next Move?

Key Insights:

  • Whales and sharks increased BTC holdings by 81,338 coins over the past 6 weeks.
  • Retail wallets sold 290 BTC as Bitcoin approached the short-term holder cost basis.
  • Price is holding near $93,400, a key support level tied to recent liquidation clusters.

Large holders are accumulating over 81,000 BTC as retail wallets continue to sell. At the same time, the price is defending the $93.4K level, which lines up with the short-term holder realized price and key liquidation zones, an important area to keep an eye on.

Large Holders Accumulate While Small Wallets Exit

In the last six weeks, wallets with between 10 and 10,000 BTC have accumulated 81,338 BTC. According to data from Santiment, this is a 0.61% increase in holdings.

Because of their size and their behavior in volatile times, these wallets are often seen as key players in the market.

Meanwhile, wallets with less than 0.1 BTC have cut their balances by 290 BTC, or 0.60%. Usually, this group lags the market and reacts emotionally. It may be that they are impatient or fearful after recent price swings.

BTC Whale and Retail
BTC Whale and Retail Wallet Behaviour | Source: Santiment

Large and small holders can diverge to give a broader market sentiment. It tends to indicate a longer-term confidence amongst experienced participants when larger wallets accumulate and smaller ones sell. Historically, this has been the case when Bitcoin consolidates before a price expansion.

Realized Price Marks Key Support Around $93,400

At the time of writing, Bitcoin is just above the realized price of short-term holders (STH) at around $93,400. This metric is the average price of coins held by wallets that bought them in the last 155 days.

STH vs. LTH Realized Price
STH vs. LTH Realized Price Trend | Source: Alphractal

The recent price rise has returned many short-term holders to profit, according to Alphractal. As a result of this, this group has increased selling pressure. That could create more selling if the price falls below their realized cost basis.

But for now, the $93,400 zone is acting as strong support. In recent sessions, Bitcoin has bounced from this level multiple times, indicating that STHs may be attempting to defend their gains.

If this support holds, it could prevent a deeper pullback and help stabilize price action in the short term.

Moreover, looking at Bitcoin’s 3-day liquidation heatmap, we see that $93,000 has become a base of support.

A lot of selling and long liquidations have been absorbed here. Bitcoin has been able to stay within this zone despite pressure, with liquidation levels clustered heavily around $93K to $95K.

BTC Liquidation Heatmap
BTC Liquidation Heatmap | Source: Alphractal

The map also displays strong liquidation bands above $96,000 and around $100,000. A breakout here could force liquidations of short positions in these areas. If Bitcoin starts to rise and enters these levels, it can lead to very fast price moves.

On the flip side, there are fewer liquidation levels below $93,000, so a drop below support could lead to new volatility.

Bitcoin Dominance Strengthens, Reflecting Market Rotation

Bitcoin dominance is still on the rise, reaching 65.11%, as it has been since early 2023. Dominance is the percentage of the total crypto market value that Bitcoin has.

Generally, a rising trend in this metric indicates that capital is leaving altcoins and returning to Bitcoin.

Bitcoin Dominance Trend
Bitcoin Dominance Trend (OCM)  | Source: X

The current phase is very much in favour of Bitcoin, according to the OCM Dominance Trend model. The green trend line is always sloping upwards, and recent values are well above the long-term moving average.

Historically, this behaviour occurs during periods when Bitcoin outperforms the rest of the crypto market.

Furthermore, on the BTC/USDT monthly chart, we see a repeating pattern across past market cycles. Every major bull market has been about 48 monthly candles, or about four years. This has been the pattern of the 2013, 2017 and 2021 peaks.

Bitcoin Monthly Chart
Bitcoin Monthly Chart Cycles | Source: X

In the current cycle, Bitcoin is in the 18th bar of what could be another 48-month structure. If this pattern holds, Bitcoin may still be in the middle of a longer-term trend.

The market also hasn’t yet reached the levels of speculative activity seen in past tops, and volume remains lower than in past peaks. Looking at historical data, price peaks have often been accompanied by spikes in volume and retail participation, which we don’t see yet.

Millions On The Line As DOGE Eyes $0.176 Trigger Point

Jackson Kelley
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Millions On The Line As DOGE Eyes $0.176 Trigger Point

Highlights:

  • DOGE nears $0.176 liquidation zone with $6B in short positions at risk.
  • Falling wedge formation hints at a potential 3x breakout move.
  • MACD crossover and trendline break show bullish momentum returning.

Dogecoin is approaching a key price level at $0.176, which could result in a breakout and large-scale short liquidations. Additionally, technical indicators like a MACD bullish crossover and a falling wedge pattern indicate the market is starting to rise.

DOGE Targets $0.176 Amid Rising Liquidation Risk

Dogecoin (DOGE) is back in the spotlight again, as price action is grouped around a key technical level. Traders are now watching $0.176, based on recent market data, where a breakout could trigger millions in liquidations. Short positions built up below this level are now vulnerable with leverage.

Looking at the Coinglass DOGE/USDT liquidation heatmap, it is clear that there are intensity zones around $0.176. This level has been resisted multiple times in April and early May.

With volume building and price continually testing this zone, a clean breakout above it could cause short sellers to close out quickly, exerting upward pressure.

Dogecoin liquidation heatmap
Dogecoin liquidation heatmap | Source: CoinGlass

The broader trend formation strengthens the bullish argument, as the liquidation data points to a possible breakout.

Falling Wedge Breakout Structure Mirrors Previous Bull Runs

Additionally, a multi-month falling wedge pattern on DOGE’s chart is one of the clearest signals. This has been a pattern that has preceded large upside moves. In fact, a previous wedge breakout resulted in a 3x spike in the DOGE/Total pair.

DOGE|Total
DOGE|Total | Source: Trader Alan, X

Price is now nudging against the wedge’s resistance line, and the setup is similar to what preceded DOGE’s 300% rally.

The falling wedge is a bullish pattern where price compresses over time. It can trigger rapid moves when broken to the upside. At the moment, DOGE was testing the upper trendline and is starting to break above near-term resistance, increasing the likelihood of a breakout.

Additionally, this structural signal is consistent with other shorter-term indicators that are also beginning to move.

MACD Crossover and Trendline Break Confirm Momentum Shift

Furthermore, Dogecoin has broken above a descending trendline that had capped price since early May when zooming in to the 4-hour timeframe. The MACD (Moving Average Convergence Divergence) indicator is also showing a bullish crossover at this break.

dogecoin price
Source: X

After several days of declining price and shrinking volume, MACD crossover often indicates exhaustion in selling pressure. With MACD lines flipping up, momentum is on the side of buyers.

Traders using Heikin Ashi candles, which are known for filtering out noise, are also seeing consecutive green candles, which means continued buying. This bullish technical alignment could have a cascade effect in liquidations as the $0.176 zone approaches.

On-Chain Metrics Show Weakness in Supply and Cautious Accumulation

While there is technical optimism, on-chain data shows mixed sentiment. Netflows for DOGE have been mostly negative since early March, according to CoinGlass. This is a bullish signal, as it means more DOGE is leaving exchanges than coming in, but the scale of withdrawals has been decreasing over time.

Doge spot inflow/outflow
Doge spot inflow/outflow | Source: CoinGlass

According to data from DeFiLlama, the total value locked (TVL) in Dogecoin-based decentralized apps remains low, under $3.5 Million. Chain fees and activity have also fallen since the beginning of 2025, indicating lower utility use than in previous spikes.

Dogecoin TVL & Chain fees
Dogecoin TVL & Chain fees | Source: DefiLlama

The price, however, has stayed steady above $0.15 for a few weeks now, even as broader utility lags.

Why $0.176 is Important in the Short Term

$0.176 is now a psychological and technical level with multiple signals aligning. The liquidation heatmap shows over $6 billion in leveraged positions around this zone. If DOGE breaks this line decisively, those positions will unwind quickly.

It could also reset short-term price expectations and put DOGE back in the spotlight.

Momentum indicators, structural signals such as the wedge, and liquidation setups all point to DOGE being ready to make a directional move, and that move could begin at $0.176.

TRUMP Meme Coin Windfall? Only 58 Wallets Win As 750K Lose Big

Anuj Bhor
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TRUMP Meme Coin Windfall? Only 58 Wallets Win As 750K Lose Big

Highlilghts:

  • The Official TRUMP meme coin launched in January 2025 and quickly attracted around 2 million blockchain addresses.
  • Only 58 wallets earned over $10 Million each, collectively taking $1.1 billion in profits from the TRUMP token.
  • Over 750,000 participants suffered losses after buying the coin at higher prices during the hype.

A new report shows that the Official TRUMP meme coin created sharp wealth gaps since its January 2025 debut. Chainalysis data reviewed by CNBC confirms that 58 large wallets earned $1.1 Billion, while over 750,000 lost money.

The price volatility, selective benefits, and political ties have now drawn scrutiny from U.S. lawmakers and regulators.

TRUMP Meme Coin Rewards a Few, Harms Thousands

The TRUMP token hit the market on January 17, 2025, when the new presidential term was about to start. It spiked in popularity, having about 2 million blockchain addresses within weeks.

However, 58 wallets managed to capture much of the token’s value, each gaining over $10 Million.

These accounts secured the token on its first release on the Solana blockchain. When that was the case, the token drastically traded below its much later high point of $75.35.

The coin price was $10.91 at press time, offering the opportunity of an 85.65 percent downswing from its high.

Meanwhile, 764,000 smaller participants bought the token at a much higher price and incurred losses. Most of them piled in once the hype took the prices higher, and they overlooked to get out.

TRUMP Token Rally Follows Dinner Announcement

After weeks of inactivity, the project team announced a special April 23 announcement that increased TRUMP’s price. On that day, they held an exclusive dinner event for 220 token holders. The dinner is set for May 22, 2025, and will be hosted at Trump’s National Golf Club in Washington, D.C.

The event includes a private White House tour and reception for the top twenty-five token holders. Following this news, there was a new wave of activity, with 54,000 more addresses adding the token. The rally has collected more than 100,000 addresses since April 15.

While the announcement temporarily increased the coin’s Market Cap to $2.7 Billion, it has now reduced to $2.18 Billion.

The short and sharp burst of the coin’s stock price indicates the cryptocurrency’s extremely dynamic market behavior. Such extreme price fluctuations have bred yawning gaps between first and latter entrants.

Senate Investigates TRUMP Token Ties

Fight Fight Fight LLC and CIC Digital, a Trump Organization affiliate, run the TRUMP coin project. These two groups possess the lion’s share of its 1 billion total supply, which raises questions about transparency. Presently, legislators are determining if these affiliations are a conflict of interest.

The Senate’s Permanent Subcommittee on Investigations has launched a formal investigation into ownership of the tokens and the revenue channels.

Investigators will discuss how the project has raised funds and who benefits from the structure of the project. The project got the federal limelight following the dinner announcement and Donald Trump’s involvement in the public space.

Authorities are also looking into promotional material uploaded by Trump because it might influence public buying behavior.

The time element of price shifts, project announcements, and political remarks has aggravated concerns. Regulators are interested in whether insider benefits or coordination were involved.

Bitcoin Holdings and Crypto Policies Under the Trump Administration

In the meantime, Eric Trump revealed that he and President Trump own a considerable amount of bitcoins. In a speech at the TOKEN2049 event in Dubai, he said that Bitcoin has long-term value and named it a personal financial strategy. Although no numbers were given, Eric referred to it as a significant investment on his part and his father’s.

This statement is consistent with the administration’s general position on digital assets. In March, the president of the USA signed an executive order to establish a national Crypto reserve using the seized Bitcoins. This new reserve suppresses a possible asset liquidation and aims for a long-term increase.

The administration ordered a committee to increase the reserve by incorporating other altcoins from the asset forfeitures. These holdings will not be sold at a fast pace, although retained for appreciation in value. This approach represents a move away from past federal policies, which used to liquidate seized crypto as soon as possible.

U.S. Pushes Forward on Crypto Rules

This year, Trump settled on Paul Atkins as the new Securities and Exchange Commission (SEC) Chair. His appointment is required to provide clear, actionable guidelines for crypto-related projects. The administration seeks to balance innovation with accountability in digital markets.

It is a perspective that the U.S. must lead on crypto adoption, according to the administration. Trump has been keen to point out that failure to do so would enable other nations to dominate space, especially China. Such efforts support U.S. competitiveness and financial leadership in the evolving tech.

Bitcoin Hits S&P500 Highs, But McGlone Warns Of Gold Ratio Crash

Maxwell Mutuma
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Bitcoin Hits S&P500 Highs, But McGlone Warns Of Gold Ratio Crash

Key Insights:

  • Bitcoin has reached a new high against the S&P 500, showing strong performance compared to traditional equity benchmarks.
  • Mike McGlone from Bloomberg Intelligence warned about a declining Bitcoin-to-gold ratio, which could indicate long-term weakness.
  • The BTC-to-gold ratio has dropped significantly from its 2021 peak, suggesting Bitcoin is underperforming against gold.

Bitcoin (BTC) has reached new highs against the S&P 500, but a potential warning sign may surface. While market momentum remains strong, Bloomberg’s Mike McGlone highlights a weakening Bitcoin-to-gold ratio.

This divergence could suggest structural cracks in Bitcoin’s performance compared to traditional safe-haven assets.

McGlone Warns of Bitcoin Gold Shift

Bitcoin has recently surged to historic levels against the S&P 500, showing stronger performance than major traditional equity benchmarks.

As of May 8, 2025, Bitcoin was trading at around $99,579.28, after bouncing from an intraday low of $95,822. However, despite outperforming stocks, it has been losing ground to gold in relative valuation.

Mike McGlone, senior commodity strategist at Bloomberg Intelligence, issued a warning based on the falling BTC-to-gold ratio.

According to him, this ratio has significantly declined from its 2021 peak, weakening Bitcoin’s relative strength against gold. He believes the decreasing value of Bitcoin measured in gold ounces signals a bearish divergence.

While Bitcoin edges near the $100,000 mark, purchasing a single Bitcoin now takes fewer ounces of gold. This shift could reflect a loss of Bitcoin’s safe-haven status compared to gold.

McGlone has previously stated that Bitcoin could drop significantly and “lose a zero,” implying a major correction.

Bitcoin Price Eyes $100K Amid Bullish Signals

Despite McGlone’s alert, current technical indicators suggest continued strength in Bitcoin’s short-term trend.

The Relative Strength Index (RSI) stands at 65.92, indicating moderate momentum that is not yet overextended. RSI’s moving average at 66.46 supports this upward pressure and hints at more room for price increases.

The Moving Average Convergence Divergence (MACD) reinforces this sentiment with a bullish crossover above the signal line.

The MACD line at 2,797.09 remains higher than the signal line at 2,771.20, sustaining a positive market tone. Meanwhile, the MACD histogram prints a bullish value of 25.89, confirming trend continuation.

BTC|USD 24-hour price chart
BTC|USD 24-hour price chart | Source: TradingView

Additionally, Bitcoin is above the Keltner Channel basis of $93,125, indicating strong price momentum and limited downside risk.

The $98,023 mark was expected to present short-term resistance. Now that this level is broken, a psychological test of the $100,000 barrier is imminent.

Robert Kiyosaki Highlights Bitcoin’s Scarcity Advantage

Amid discussions surrounding Bitcoin’s value, financial author Robert Kiyosaki reaffirmed his preference for Bitcoin compared to gold and silver.

He pointed out that Bitcoin’s fixed cap of 21 million coins ensures a limited and unchangeable supply. This characteristic, he claims, adds unique value that physical assets cannot replicate.

Kiyosaki also noted that while he owns physical gold, silver, and resource-based assets, their supply can always increase with demand.

In contrast, Bitcoin’s coded limit prevents any circulation expansion, enhancing its long-term appeal. He continues to allocate capital into Bitcoin due to its deflationary nature and scarcity.

This perspective supports Bitcoin’s narrative as a digital store of value, especially in increasing liquidity and currency debasement environments.

However, even Kiyosaki’s stance doesn’t dismiss the possibility of short-term volatility or temporary corrections. Bitcoin’s limited supply does not eliminate market speculation or macroeconomic influence.

While Bitcoin’s chart signals strength, the broader picture reveals contrasting signals that merit attention.

McGlone’s warning highlights a notable BTC/gold ratio breakdown, which hasn’t mirrored Bitcoin’s equity market strength. This indicates Bitcoin may be diverging from the characteristics that once defined it as a hedge.

TRON Hits 99.7% Block Output —But 68% Of SRs Have Vanished

Anuj Bhor
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0
TRON Hits 99.7% Block Output —But 68% Of SRs Have Vanished

Key Insights:

  • TRON maintains a consistent 99.7 percent block production rate, averaging 28,713 blocks daily across its network.
  • The network shows strong performance improvements compared to the more volatile years of 2020 and 2021.
  • TRON’s current block output reflects a stable and mature infrastructure optimized for high throughput and reliability.

TRON blockchain maintains a high level of efficiency and has reached the level of 99.7% of block production.

According to CryptoQuant on May 6, it was evident that TRON could produce 28,800 blocks per day. This aspect has given a high consistency, which means that its structures have high reliability and performance.

The stability in the block output indicates that the animal production has hitherto suffered cyclic hitches. TRON has ensured the network has low variance on its performance by enhancing the general performance of its network.

The current configuration is rather a reflection of an optimized environment of throughput and statelessness.

TRON collectively offers a stable platform for the development and execution of dApps and other activities that require value transfer. Given minimal daily changes in production, this suggests that it is set to draw long-term growth blueprints.

This consistent block generation also contributes to higher confidence among ecosystem participants.

TRON Maintains Stable Daily Block Output

TRON generated 28,713 blocks daily, with an expected output of 99.7% over the network. Such consistent performance indicates enhanced operations compared to the volatile periods experienced at the earlier network phases. The optimized infrastructure now supports performance at high speed and reliability.

The block output is nearly constant across daily cycles, which can help facilitate smoother transaction processing and responsiveness to the platform.

TRON’s network displays trivial delays, which is good news for developers and users of decentralized applications. Such output stability also helps minimize the associated risks of processing lags/disruptions.

This improvement represents TRON’s ongoing technical and protocol improvements. Bottlenecks that once undermined production rates have been eliminated during the system’s evolution.

Made easy through efficient node coordination, TRON now finds it easier to meet its production targets.

New SRs Reflect Stronger Community Role

TRON’s Super Representative (SR) design continues to be pivotal to its DPoS consensus mechanism. However, under the stable number of SRs, the network experienced significant internal modification.

Although there are still 30 SRs in action, there has been a considerable change in the production of blocks’ identities.

By 2025, 24 SRs contributed only 3.71% of the network’s blocks. This is very similar to production numbers from 2020, even though there seems to be an internal transformation.

Although the output ratio remained rather close, the participants’ change was significant.

23 out of the 34 SRs formed over the year 2020 no longer participate in block production. That is a 68% increase in the SR Participants between 2020 and 2025. During this period, TRON has added 19 new SRs, remodeling its core governance layer.

Such a transformation embodies a dynamic and competitive governance system in the TRON ecosystem.

SRs need to obtain votes from the community to contribute to production, which makes the system merit-based. The current rotation makes it open and competitive rather than fixed or monopolized.

The new SR landscape implies increased community involvement and decentralization. Voting is still active, so newer ones can emerge depending on performance and trust. This approach ensures fairness and accountability of block producers to the wider network.

TRON’s capability to handle consistency and turnover proves its governance maturity. This balance contributes to maintaining operational performance and decentralized participation. The system is still robust in that it undergoes evolution in a community-driven manner.

TRX Price Trades Within Balanced Zone

Following a rise of 1.16% in the latest session, TRON’s native token, TRX, is currently trading at $0.2488. The price varied from $0.2431 to $0.2491 with minimal volatility.

Since the middle of April, TRX has traded in a bandwidth, a sign that the asset is entering the consolidation cycle.

The Relative Strength Index (RSI), currently at 54.99, indicates that the current market momentum is neutral and without any marked direction.

According to the RSI-based moving average, the indicator’s number is 53.31, thus pointing to balanced trading conditions. There are no signs of excessive buying or selling at the prices we have at present.

The MACD indicator indicates a bull cross as it doesn’t show a meaningful cross, but still displays a bearish outlook as its MACD line traces 0.0016 while the signal line traces 0.0019.

However, the histogram is negative (-0.0003), showing weak momentum. These manifests market indecision as no signal is clear in either direction.

TRX|USD 24-hour price chart
TRX|USD 24-hour price chart | Source: TradingView

The Stochastic RSI displays the following values: 37.78 (K) and 35.38 (D) at the lower-mid range. These readings hint at opportunities to rise if the market interest becomes stronger. The indicators taken together present a condition of balance, waiting for additional price triggers.

Ethereum Whale Moves Millions— Another Massive Dump Incoming?

Jackson Kelley
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0
Ethereum Whale Moves Millions— Another Massive Dump Incoming?

Highlights:

  • A long-term Ethereum whale has sold 18,700 ETH worth approximately $34.11M.
  • The whale originally purchased around 76,000 ETH during the 2015 ICO at a price of $0.31 per coin.
  • The recent sales have all been made through the Kraken exchange in several large batches.

A major Ethereum wallet holder made an 18,700 ETH transaction worth $34.11 Million that raised market concerns. The seller purchased the ETH tokens at the Ethereum ICO in 2015 at an initial price of 0.31 cents.

An extended period of inactivity marked the whale’s status until they started selling a significant portion of their total holdings.

The Ethereum network entered its big Pectra upgrade period during this acquisition of 18,700 ETH worth $34.11 Million. Movements in market direction and technical indicators point toward forthcoming market volatility.

Large-scale cryptocurrency dumping has people concerned due to the timing and magnitude of the sales.

During Ethereum’s updates to improve functionality, the market reacts to internal factors and external stressors. The current tension observed in the ETH-BTC exchange market could be impacted by upcoming worldwide economic changes.

The trading community tracks diverse market signals, including price charts and technical analysis metrics, during this protocol transition.

Ethereum Whale Cuts Holdings Ahead of Pectra Upgrade

The wallet of a dormant whale has drained its Ethereum balance through multiple large transfers in recent weeks. The whale exchanged 14,000 ETH valued at $24.75 Million and made a subsequent transfer of 4,700 ETH to Kraken. The whale used multiple batches to conduct its systematic asset distribution.

During its ten-year period of holding ETH acquired during the ICO the whale held approximately 76,000 ETH that remain idle. At the time of writing, the ETH wallet contained just 11,000 coins worth $20.2 Million. All the whale’s ETH transactions have been done on Kraken because the account maintains a consistent trading pattern.

https://twitter.com/ai_9684xtpa/status/1920027578917912929

Market participants interpret the whale’s trading patterns to predict market actions. The whale’s coin transactions indicate price shift speculation during the upcoming upgrade. Due to more whale activity in the market, market sentiment and liquidity may face short-term changes.

Pectra Upgrade Triggers Market Shift as Volume Declines

The Ethereum Pectra upgrade, which introduces a set of infrastructure and scaling capabilities for the network, is reaching live implementation today.

As part of its upgrade preparations, Binance shut down its ETH-based token withdrawals and deposits. This technical change has reduced market trading volume.

ETH’s price increased meagerly by 2.44% to reach approximately $1,838 as traders conducted low-volume transactions in the market.

Since June 2020, the ETH-BTC pair has observed an unprecedented narrowing of its Bollinger Band ranges. Market volatility is known to increase after a Bollinger Bands squeeze, which in turn boosts market speculation.

https://twitter.com/cryptoquant_com/status/1919851668130152455

Despite positive technical aspects in the upgrade, platform-wide spot trading volumes show muted overall performance. Market analysts believe that lower trading activity will reduce the current selling pressure in spot markets.

Despite the current data, the price movement lacks confirmation about reaching a bottom due to economic factors.

ETH Faces Resistance as Fed Decision Looms

The 50-day EMA resistance represents a critical threshold for Ethereum to pass through to potential expansion. ETH’s momentum has faded since January because the digital currency started recovering from its five-month price decline.

Market participants watch this resistance area, anticipating that it might determine the market direction.

https://twitter.com/Crypto_Twittier/status/1919939564853928392

The crypto market shows signs of responding to macroeconomic indicators, primarily due to the upcoming FOMC meeting on Wednesday.

Research indicates a 95% likelihood that the Federal Reserve will keep interest rates unchanged. Because of this current decision, the major rally of altcoins may wait longer.

ETH and other digital assets will likely stay within their current price range since central banks resist interest rate reductions in the near future.

While technical indicators from Pectra update the market positively, the broader sentiment depends heavily on outside market influences.

Several factors, including whale market actions and volume fluctuations, along with macroeconomic conditions, lead to a sensitive market condition.

Mid-Term Holders Bleed—But XRP Holders Are Still In The Green

Maxwell Mutuma
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0
Mid-Term Holders Bleed—But XRP Holders Are Still In The Green

Key Insights:

  • XRP is the only major cryptocurrency profitable for holders who bought between December 2024 and January 2025.
  • XRP maintains a 2% year-to-date gain despite losing its January rally highs.
  • Data from Glassnode shows that XRP holders in the three to six-month range have at least 11 percent unrealized profits.

The cryptocurrency market has entered a correction phase as most assets trade below their recent highs. Data shows that only XRP has delivered positive returns to holders who purchased between December 2024 and January 2025. Meanwhile, mid-term holders of Bitcoin, Ethereum, and Solana deal with significant unrealized losses.

XRP Leads as Mid-Term Holders Profit

XRP stands out in a largely declining market, with data confirming profitability for holders within the three—to six-month range.

The asset reached its maximum of $3.399 in January, after which it dropped. However, it is still 2% up this year since it began.

Although it has lost the gains of its January rally, it has protected profitability for the bulls that had previously been seen.

The broader market had a cooldown, but XRP remained stable above its cost basis, at least for recent buyers.

According to Glassnode metrics, the addresses that bought XRP in the bullish wave currently have at least 11% unrealized gains. This strength creates some pressure to sell and flexibility for accumulation.

Furthermore, in the same situations, XRP comes out on top in the data, as the asset boomed among peers.

Even at its current price, which appears to be a retracement, it has commanded a higher average price than buyers’ entries. Hence, XRP provides its owners with more stability amid prevailing market uncertainty.

Ethereum Trades Well Below Key Support Levels

Ethereum has experienced its mid-term holders move into the negative, as the current price and entry levels differ by 36%.

The asset oscillates at $1,800, unable to maintain the momentum achieved in the December and January bull runs. This retreat indicates greater troubles brewing with Ethereum’s recent weakness.

While Ethereum’s price action suffers, addresses from December to January come with unrealized losses.

The decline has gone beyond the simple retracement, with recent trends indicating a bearish sentiment that may continue for longer. Therefore, this pressure may also cause more people who entered during the last peak to exit.

Unlike XRP, Ethereum is failing to provide a hook for buyers who got on board when the prices were rising.

Market sentiment is still mixed, but Ethereum demonstrates limited strength as well. As such, the existing range between entry and present prices is still a serious issue for this group of holders.

Solana Sees Sharp Declines in Mid-Term Profitability

Solana has also performed poorly, as evidenced by the significant 28% price decline noted from the mean entry point of mid-term buyers.

The token hit its high earlier in the year and now trades around $146, meaning it is far below the cost from late 2024. This implies a price structure for those who bought in the bullish cycle.

The statistics show that Solana’s market has not grown effectively under the current selling pressure. Mid-term addresses have also become significant paper losses as the asset could not regain key resistance levels. This trend is among many on a long list of vulnerabilities observed in many altcoins.

Also, the mid-term losses indicate low confidence among participants, beginning in December and continuing through January.

Unless there is a recovery, further selling is possible for Solana. The currency’s current state starkly contradicts XRP’s capability of maintaining value under similar market pressure.

Bitcoin Stays Near Cost Basis but Shows Less Strength

Bitcoin has fluctuated slightly below its three-to-six-month cost basis, around $95,000. Though not too far away from the entry-level for mid-term buyers, it is not very profitable for several of them. We have failed to show a strong upward movement in the recent market action.

While Bitcoin did recover 12.7% from the April lows, it has failed to sustain breakthrough momentum.

Near $97,000, the resistance keeps the gains in check, limiting returns for short—and mid-term investors. However, long-term build patterns still suggest an advantage for possible upsides.

Glassnode’s analysis indicates they will still face until Bitcoin breaks the current resistance level. Although there are temporary spikes, the price requires a sustained increase before it turns profitable for this segment. Meanwhile, Bitcoin’s future looks more reserved against XRP’s more advantageous stance.

Ex-Celsius CEO Begs For Leniency—Can He Escape A Decades-Long Fate?

Jackson Kelley
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0
Ex-Celsius CEO Begs For Leniency—Can He Escape A Decades-Long Fate?

Key Insights:

  • Alex Mashinsky will be sentenced on May 8 for crimes related to the collapse of Celsius Network.
  • He pleaded guilty in December 2024 to commodities fraud and manipulating the price of CEL tokens.
  • Prosecutors are asking the court to impose a 20-year sentence for his role in the scheme.

Alex Mashinsky, former CEO of Celsius Network, will be sentenced on May 8 for crimes linked to the platform’s collapse.

In December 2024, he pleaded guilty to commodities fraud and market manipulation, admitting he profited $48 Million. Prosecutors have sought a 20-year sentence, while his lawyers requested just over one year in prison.

DOJ Says Mashinsky Caused Massive Harm

The US Department of Justice (DOJ) accused Mashinsky of willfully causing destructive harm to thousands of Celsius platform users. Hundreds of testimony statements submitted to the court showcased the substantial financial damage and strong emotional harm affecting thousands of Celsius users.

The prosecution maintains that Mashinsky deceived his users into losing their retirement savings, their homes, and their psychological well-being.

The DOJ claims Mashinsky deceived customers regarding Celsius’s financial state and seized his assets during this deception.

Law enforcement classified his deceptive actions as premeditated conduct, which pursued his financial success with deliberate deception. The DOJ wants punishment to account for the offense’s gravity and the victim’s loss value.

The victims who pursued compensation recounted bankruptcy and depression, together with family-related suicides, as among their lasting effects. Many people who supported Mashinsky with their life savings now say he deceived and misled them.

According to the DOJ, the administrator’s sentence would generate damaging consequences throughout digital financial markets.

Mashinsky Lawyers Request One-Year Term

The defense presented a memorandum arguing Mashinsky was a first-time offender and had achieved thirty years of clean business operations.

Defense attorneys stated the prosecution had overplayed Mashinsky’s part and dead-aimed during Celsius’s operation. His attorneys pointed out his track record of sector leadership and his contributions to technological businesses.

The defense states that Mashinsky lacked the intent to cause damage and did not exercise total authority as the company’s decision-maker. They also maintained that he kept a clean legal record through his first arrest and fully supported legal investigations.

The court documents state that Mashinsky should not accept liability for all Celsius employees’ collective actions.

His defense team contends that the DOJ’s recommended punishment exceeds what should be considered fair and reports that both emotional public sentiment and facts interfere with the process.

The law firm described the government’s depiction of him as a single person to blame while overlooking major industry issues.

The defense recommended that Mashinsky receive 366 days’ imprisonment with supervised release instead of the government’s recommendation.

Victims Demand Accountability for Mashinsky’s Actions

Several victims submitted statements to the court documents expressing their opinions about Mashinsky’s sentencing.

The statements from court attendees asked for severe punishment and recognition of Mashinsky’s involvement and leadership functions. Several investors recognized how widely the crypto market became disorderly as Celsius collapsed.

According to user reports, Mashinsky took a more careful stance than other crypto protagonists while making his mistakes.

A different user claimed that Mashinsky took advantage of defenseless community members to obtain millions of dollars personally. The supplemental comments from users challenged legal teams to find an acceptable legal punishment framework.

Web3 content creators and Celsius users who lost their funds shared their perspectives through social media and legal platforms.

The podcast host agreed with the DOJ’s recommendation to note the enduring distress on victims’ lives and financial challenges.

Various commentators worried that accountable leaders would avoid prosecution while Mashinsky received harsh penalization.

Delays Continue for Other Celsius Executives

Celsius bankruptcy established new historical benchmarks in digital asset failures after creditors received $4.7 Billion in debt. Mashinsky’s conviction and sentencing mark an important enforcement milestone for digital asset regulatory systems.

The court proceedings have become noteworthy because they coincide with longer-than-expected punishment delays for additional former Celsius executives.

Former chief revenue officer Roni Cohen-Pavon accepted similar criminal charges this year, although his sentencing proceedings remain pending.

His sentencing decision was delayed until after Mashinsky’s trial because authorities wanted maximum pressure on the upcoming sentencing.

Legal experts view Mashinsky’s current situation as the benchmark for holding crypto sector participants accountable.

Jay Clayton currently serves as the Southern District of New York’s acting U.S. Attorney, managing the high-profile decision-making process.

Clayton’s time as SEC Chair has been marked by difficulties related to digital finance compliance standards.

VanEck Files BNB ETF—Is Binance Founder The Real Force Behind It?

Maxwell Mutuma
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0
VanEck Files BNB ETF—Is Binance Founder The Real Force Behind It?

Key Insights:

  • VanEck has filed for a BNB ETF, making it the first proposed exchange-traded fund directly tied to Binance Coin.
  • The filing has raised speculation that Binance founder Changpeng Zhao influenced the decision through his recent comments on crypto reserves.
  • BNB’s price remains around $599.6 and is positioned within a volatile liquidation zone that may lead to rapid price swings.

Asset manager VanEck has filed for a BNB ETF, triggering market speculation and regulatory discussions. The filing happened simultaneously with Binance founder Changpeng Zhao’s recent discussion of national crypto reserves. Industry experts are investigating whether Zhao had a substantial impact on VanEck’s decision.

Eric Balchunas from Bloomberg’s ETF analytics team connected VanEck’s ETF application with Zhao’s statements. VanEck made this move based on Zhao’s advocacy to include BNB in sovereign digital asset reserves. Despite remaining speculative, the timing matches Zhao’s public appearances and bolsters this theory’s acceptance.

The filing about Binance Coin here captures broad market attention because it could represent the industry’s first Binance Coin melody-based ETF. The recent action by VanEck points toward institutional interest but raises important questions about the matter.

Market reactions toward Binance’s structure and regulatory troubles continue to affect perceptions of this development.

VanEck BNB ETF Sparks Influence Debate

The decision by VanEck to file for a Binance Coin ETF exchange-traded fund created intense conversation within digital asset platforms and traditional financial institutions. This filing occurred when Changpeng Zhao started integrating BNB into worldwide digital asset reserve programs. The connection between Zhao and traditional financial institutions has generated speculation about his unknown role in intervention.

At present, Zhao’s BNB adoption suggestion to governmental bodies has possibly led VanEck to position itself in emerging trends before they became popular. The strategic discussions influenced VanEck CEO Jan VanEck’s decision, per Balchunas. The action presents an important example of how structured entities shape unstructured financial resources.

Zhao’s lack of official documentation about his involvement increases the evidence supporting this theory. The focus shifts to how Binance conducts its relationships with global regulators and institutions.

According to the new filing, institutional investment vehicles showcase rising interest in digital currency options that go beyond Bitcoin and Ethereum.

Regulatory Concerns Challenge ETF Outlook

The BNB ETF filing has brought back into focus longstanding questions about Binance’s management structure and regulatory track record. Public skeptics point out Binance Coin’s substantial centralized management as a major factor limiting its eligibility to become a regulated ETF.

The filing has revived worries about Binance’s proper compliance after previous regulatory actions, together with current analysis of its regulatory track record.

Analysts in the market argue that launching a BNB exchange-traded fund would increase regulatory oversight constraints on Binance and its associated operations.

The new filing poses difficulties for U.S. regulatory bodies, which already demonstrate restrained support for crypto security products. Zhao’s involvement in sovereign reserve suggestions creates added regulatory uncertainty.

Critics define the ETF proposal as dangerous because it creates an excessive connection between exchanges and financial products subject to regulation.

Experts warn that exposing classic market systems to vulnerabilities in the crypto revolution could result from this development.

Holding an approval for the ETF represents a crucial step forward in bringing alternative digital assets into mainstream markets.

Potential BNB Price Movements Show Mixed Signals

BNB’s price stagnates around $599.6 despite growing expectations about potential exchange-traded funds (ETFs). The token’s current elevated price point exists alongside fluctuating market sentiments because traders are spread between long and short positions according to derivative market indicators.

Data shows the long/short ratio crossing above 1.1, demonstrating growing long position engagement despite short dominance on the market.

BNB Long/Short Ratio
BNB Long/Short Ratio Chart | Source: CoinGlass

BNB tokens continue to show accumulated demand in spot market exchange transactions since they remain in net draw.

Multiple Spot Inflow/Outflow data months showed red bars indicating low token exchange inflows. ETF developments encourage market participants to move BNB off of exchanges through sustained withdrawals.

BNB Long|Spot Inflow/Outflowt
BNB Long|Spot Inflow/Outflowt | Source: CoinGlass

Technical examination of exchange transaction data confirms intense market engagement near price points $570 and $630 because they act as significant buying and selling pressure areas.

Highly leveraged traders face major liquidation risks when operating near the marked BNB/USD thresholds on the liquidation risk map. When prices cross either zone it triggers major liquidations and high short-term market turbulence.

Liquidation Map Highlights BNB Danger Zones

The BNB/USD liquidation map shows distinct price areas that could trigger sudden forced liquidations of positions.

Short position liquidations concentrate beneath $570, and long position risks exist above $630, creating a restricted zone of elevated risk.

If prices drive outside either boundary point, the futures market will experience a cascade of events.

Binance BNB|USD Liquidation Map
Binance BNB|USD Liquidation Map | Source: CoinGlass

The risk levels extend from $565 up to $575, and $625 through $640 become more hazardous when employing leveraged positions at 10x and 15x.

If these levels are crossed, the price levels host substantial open interest that will generate excessive market volatility. The increased leverage pressure produces conditions that could trigger sudden price movement.

Solana Whales Strike Again—Is A Massive Price Breakout On The Way?

Anuj Bhor
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0
Solana Whales Strike Again—Is A Massive Price Breakout On The Way?

Key insights:

  • SOL Strategies and DeFi Dev Corp have jointly acquired 200,000 SOL tokens, signaling substantial whale accumulation.
  • SOL Strategies purchased 122,524 SOL worth $18.2M as part of its $500M capital deployment plan.
  • The firm used a $20M tranche from its ATW convertible note facility to fund this latest acquisition.

Two major Solana whales have expanded their holdings with significant token purchases. SOL Strategies and DeFi Dev Corp jointly acquired 200,000 SOL.

These signals continued substantial accumulation and potential price implications for Solana amid rising trading activity.

SOL Strategies Makes $18M Solana Purchase

SOL Strategies has purchased 122,524 SOL, boosting its Solana ecosystem footprint. At an average price of $148.96, the purchase was valued at $18.2 Million. It is the first of three planned tranches of the $500 million it intends to invest.

The company’s goal is to increase its validator network and deepen its stake in Solana’s infrastructure. It secured the SOL allocation through a recently launched ATW convertible note facility. The $20 Million inaugural release from that facility provided funding for this specific acquisition.

With that move, SOL Strategies now holds a total of 391,782 SOLs, presently valued at just shy of $55.6 Million.

The company’s ambition is to scale further on the back of future tranches from its capital raise. It takes a focused approach to ensure long-term accumulation and operational expansion.

Staking Strategy Drives DeFi Dev Corp Move

Following suit, DeFi Dev Corp bought 82,404 SOL for $11.2 Million. This latest acquisition drops the firm’s holdings to 4,009,091 SOL. The tokens, on the other hand, would be allocated to staking using the firm’s validator infrastructure, the firm confirmed.

The company said these tokens were meant to help sustain the company’s staking operations and strengthen its yield-based offerings. DeFi Dev Corp’s move to follow this trend keeps SOL Strategies in catch-up on acquiring Solana.

Their strategy mimics a tactic of hyper augmentation in the rapidly emerging Solana ecosystem.

The competition for validator stake leads to speculation of a rival of both firms. The companies now have a combined 791,873 SOL. They may grow their influence in Solana’s proof-of-stake (PoS) consensus.

Solana Price Holds Strong Despite Dip

Despite the size of the purchases, there did not appear to be a big immediate reaction in Solana’s market price. According to CoinMarketCap info, SOL is down 2% over the last day and is trading around $143. Nevertheless, gains continue to exceed 24% per month.

The SOL price remains green, with market demand hovering above the $140 level. Daily trading volume went up 18% to $2.41 Billion, suggesting the growing engagement of large and retail holders alike.

Meanwhile, Solana’s network activity is firing on all cylinders, with the Solana-based project, PumpFun, overtaking Ethereum in fee generation. Related to this, we see strong on-chain traction, which could fuel upward momentum.

Despite whales seemingly providing a thorn in the side for crypto enthusiasts and causing pain to early investors, that behavior could also suggest positioning before a larger move, following positive sentiment around broader network usage.

Dormant Bitcoin Whales Awake—$324M in BTC Moved After a Decade

Maxwell Mutuma
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0
Dormant Bitcoin Whales Awake—$324M in BTC Moved After a Decade

Key Insights:

  • Two long-dormant Bitcoin wallets became active and moved a total of 3,422 BTC worth approximately $324.2 million.
  • Wallet 1NWPS transferred 2,343 BTC after being inactive for 10.5 years, marking one of the largest whale movements in years.
  • Wallet 1PiEK moved 1,079 BTC after nearly 11.75 years of inactivity, continuing a trend of decade-old wallets reactivating.

Two long-inactive Bitcoin wallets have reactivated after more than a decade, moving a combined 3,422 BTC valued at $324.2 Million. The transfers occurred early Tuesday morning and reflect one of the largest whale reactivations in recent years.

The reason for the movement remains unclear, but it has raised speculation across the digital asset community.

Bitcoin Wallet Reactivates After 10 Years

Wallet “1NWPS” executed a Bitcoin transfer worth 2,343 BTC, equating to a value of about $222.2 Million under current market prices.

The wallet sat vacant throughout 2014, following a period when Bitcoin prices rested under $1,000. The movement represents the conclusion of years of inactivity.

Spot On Chain identified this transaction on its on-chain tracking platform as statistically abnormal because it came from wallet “1NWPS.”

The wallet owner remains unidentified, yet the wallet’s reactivation has intensified public interest. Market actors believe the movement points to profit-taking because current Bitcoin prices are favorable.

These funds remained off-exchange, indicating that a sale transaction has not occurred. The data reveals that the transaction was either a security-related upgrade or an internal funds relocation. The present data limits analysts’ ability to determine the purpose of this transaction.

Old Bitcoin Holder Moves Large BTC Amount

Another Bitcoin wallet, “1PiEK,” held 1,079 BTC worth an estimated $102.5 million for nearly 11.75 years before the transfer. In early 2013, Bitcoin reached its initial value but experienced massive depreciation from its current market price at the time of the wallet’s most recent activity. This wallet joins numerous others in an expanding trend where extended inactive holders reengage with their wallets.

The wallet owner takes advantage of current price rates based on the wallet’s size and timing behavior. The BTC has not reached an exchange or a known trading desk yet. These activities suggest both a careful reordering of asset holdings and non-diversification events.

The wallet movement occurred when the Bitcoin address operation decreased throughout this period. Historical records show that early Bitcoin adopters are now transferring their funds because their profitability numbers are improving.

The trajectory of this trend remains unclear, though the total amount moved has shown an abrupt upward shift.

Long-Held BTC Reenters Market Strongly

CryptoQuant’s data reveals that dormant Bitcoin activity has grown by 110% since last year. Data shows that between January and March 2025, more than 62,800 BTC older than seven years shifted to new wallet addresses.

The market growth in Bitcoin between Q1 2024 and Q1 2025 reached a 110% increase after BTC spread from 28,000 to 62,800.

The substantial transfer of legacy coins demonstrates robust portfolio evolution and reflects investor confidence growing in the market.

User wallets have been dormant for over ten years and have been seen across multiple wallet transactions over the last three months. One wallet activated in late March transferred 3,000 BTC from a 2016 acquisition worth $250 Million.

Last month, 50 BTC with an initial purchase price under $0.10 actively moved on the network after lying dormant for 15 years.

A single transaction’s theoretical return surpassed 93,000,000%, demonstrating the vast extent of capital reservoirs entering the market. Since its origin, Bitcoin has experienced enormous growth, evident through these major marketplace developments.

Bitcoin Profit Ratio Exceeds Historical Average

According to analytics firm Glassnode, current blockchain data demonstrates that profit-oriented investors currently control Bitcoin’s supply.

Most Bitcoin in circulation has gained more value than its initial purchase cost, as software records show that approximately 88% of Bitcoin’s value surpasses its acquisition price.

The biggest losses stem from people who acquired their Bitcoin at market levels between $95,000 and $100,000.

Percentage of BTC supply in profit
Percentage of BTC supply in profit | Source: Classnode

Bitcoin’s Market Value to Realized Value ratio has reached its historical standard point of 1.74. Historically, this market indicator signalsthat major participants adjust their trading positions during consolidation periods. Investors currently have a Realized Profit/Loss Ratio (RPLR) of greater than 1.0.

RPLR data points to increased profit activity and an enhanced market attitude. The rise in owners looking to cash out their gains will likely cause price dips through temporary market selling pressure. Analysis of long-term data demonstrates continuous Bitcoin market participation as capital continues to move into the ecosystem.

SHIB Burn Rate Soars 656%—Major Price Breakout Brewing?

Josh Alba
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0
SHIB Burn Rate Soars 656%—Major Price Breakout Brewing?

Key Insights:

  • SHIB burn activity recorded a sharp increase of 656.15 percent on May 6, signaling intensified supply reduction efforts.
  • Over 16.7 million SHIB tokens were permanently removed from circulation through four separate transactions within 24 hours.
  • The largest burn occurred on May 5, with one wallet removing over 5.5 million tokens in a single transaction.

SHIB burn activity has surged significantly, with a 656.15% increase recorded on May 6. This recent rise follows consistent burn efforts throughout April and May.

While SHIB’s price has slightly dropped, the sharp spike in SHIB burn rate signals growing interest and intensified market action.

Shiba Inu Burns Over 16 Million SHIB

Shiba Inu executed its deflationary plan by deleting over 16.7 million SHIB tokens during 24 hours. Four significant SHIB token burn actions contributed to the price spike between May 5 and May 6.

The sustained token burn operations demonstrate a solid approach to controlling the supply of tokens.

Shiba Inu’s burn transactions
Shiba Inu’s burn transactions | Source: shibburn.com

Wallet address 0x8b15.d4282 transferred 146,543 SHIB tokens to burn address BA-3 as part of the latest SHIB burn event on May 6. The transactions on May 5 originated from three different wallet addresses: 0x541f…886e0, 0x7c58…08ccc, and 0x811b…954f. The wallets implemented 5.6 million, 79,491 and 15,404 token transfers to specific burn addresses.

Regular SHIB burn events operated by the Shiba Inu ecosystem demonstrate its system’s systematic development of scarcity. This protocol launched in 2019 has reduced the existing supply by more than 410 trillion tokens. The project selects a system to actively eliminate significant amounts of tokens without affecting existing market transactions.

Shibarium Launch Boosts SHIB Ecosystem Growth

Through SHIB burning activities, community members actively work to decrease the amount of tokens in circulation.

Activity between individual wallets shows long-term holders participating more actively in support of tokenomics. Shibburn’s transparent platform allows users to track and boost involvement in SHIB burn activities.

Outstanding data indicates that the SHIB supply has limited its number to roughly 589.25 trillion tokens. The current circulating supply of SHIB stands at 584.42 trillion tokens while the supply development continues to minimize the circulating supply.

The regular SHIB destruction operations continuously push the token’s availability toward lower levels according to these metrics.

According to trading statistics, the lack of significant SHIB price growth does not reflect diminishing interest from traders in the project.

The introduction of Shibarium DappStore in late April caused the SHIB price to grow by 9%. Shibarium’s platform creates a safer framework for decentralized application usage while advancing community adoption due to its simple and secure gateway.

SHIB Burn and Staking Cut Supply

The increase in SHIB token burning activity did not stop the token’s market value from dropping by 3.27% within the last 24 hours. The currency is trading at $0.00001262 and possesses a market capitalization of $7.37 Billion.

Supply activity through SHIB burn volumes continues to grow while the token’s market value shows declining trends as these trends diverge.

The 24-hour trading volume increased by 15.64% to reach $140.36 Million. Transaction numbers drive high market volumes, which show growing trade volumes beyond market price movements.

The growing activity level shows investor trust in SHIB burn strategies that are fundamental value growth tools.

The total SHIB sitting in xSHIB stake has reached 4.8 trillion tokens. The staked tokens comprise a considerable portion that remains out of circulation. The staking technique paired with SHIB burn mechanisms, decreases the circulating supply while following the coin deflation objective.

Burn Metrics Strengthen SHIB Economic Model

The SHIB burn strategy follows a regular pattern that helps maintain scarcity for Shiba Inu in the long term.

Rising volume and active community participation sustain an increasing momentum despite changes in surface-level prices. The project’s transparent approach adds credibility while inviting more people to participate.

An increase in burn rate has not yet corresponded with price changes in the past, yet research indicates supply reduction affects prices throughout time.

The long-term potential value of Shiba Inu faces critical assessment because of the 410 trillion tokens that have been destroyed so far. Burning SHIB tightens the dynamics throughout the entire blockchain network.

As recorded on May 6, SHIB’s economic model now heavily depends on burn metrics. The market movement matches the strategic directions, as observed in wallet activities and transaction volume increases.

BTC Must Hold $87.5K Alpha Support Or Risk Deeper Drop To $75K

Maxwell Mutuma
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0
BTC Must Hold $87.5K Alpha Support Or Risk Deeper Drop To $75K

Key Insights:

  • BTC must defend $87.5K Alpha support or face a likely drop to $75K.
  • Short-term holders are not selling—NUPL at just 8%, far from the 40% risk zone.
  • Global liquidity is rising again, fueling potential BTC rally continuation.

Bitcoin is holding on to the critical $87.5K Alpha support level, while historical data suggests a possibility of falling to $75K if it breaks.

At the same time, short-term holders aren’t selling, and increased global liquidity may have more bullish momentum in store for BTC.

Bitcoin Holds Above Key Alpha Support Level

Bitcoin is now trading just above $95,000, holding onto a key support level defined by the Alpha Price model. This model uses layered bands to reflect key on-chain pricing levels, as per data from Alphractal.

Now, the final support zone is the $87,500 price level. Historical data suggests that if it breaks, Bitcoin will likely drop to about $75,000.

Bitcoin alpha price
Bitcoin alpha price | Source: Alphractal

These Alpha levels (Alpha 1 to Alpha 10) are derived from long-term fractal behaviour and historical on-chain metrics. Alpha 3, is now close to the $87,500 mark, which has been holding strong since early 2025.

Bitcoin has not fallen below this level since breaching it in mid-April. This is something traders should keep an eye on. The update warns that if $87,500 breaks, “there’s a very high probability we’ll also lose the $75K level.”

Short-Term Holders Show Minimal Selling Pressure

Another key indicator in the current market is the behaviour of short-term holders, those holding Bitcoin between one and three months. Institutional traders and speculators using ETFs are often these investors. They tend to sell when profits exceed a certain level, putting pressure on the spot market.

Bitcoin short-term holders
Bitcoin short-term holders (1m-3m) realized price and net unrealized profit/loss | Source: CryptoQuant

As of now, their Net Unrealized Profit and Loss (NUPL) is at just 8%, and the 30-day simple moving average (SMA) is still negative at -2%. This is far below the usual 40% level at which this group typically begins to sell.

This cohort is not actively taking profits yet, according to the data. During these expansion periods, Bitcoin’s price has tended to climb, as was the case in 2019 and 2020–2021, following similar liquidity growth.

Looking at the patterns from 2018 to 2025, every time the NUPL has crossed 40%, Bitcoin has had a pause or correction right after. Because current levels are so much lower, these holders are not likely to sell immediately, and further upside could continue.

Long-Term Alpha Trends Suggest Strength

The historical data from the Alpha Price model suggests that Bitcoin is still in the healthy long-term range. Looking at a broader chart of Bitcoin since 2010, it’s obvious how the asset has always respected the Alpha Price bands in all previous bull and bear markets.

Bitcoin alpha price
Bitcoin alpha price | Source: Alphractal

Bitcoin repeatedly bounces off lower Alpha bands and climbs back to the upper bands in the chart. There has been a peak near Alpha 1 or Alpha 2 in each cycle. In May 2025, Bitcoin is trading closer to Alpha 2, historically a mid- to upper boundary during bull markets.

Another tool from Alphractal, the Alpha Oscillator, is also below the red zone, which in the past has signalled price tops.

The oscillator is at level 6, below the overbought range of 8 to 9. That implies that the market has not yet peaked.

Liquidity Trends Align With Bullish Momentum

Global liquidity is another supporting factor. Another chart from Coinvo shows global M2 money supply growth from central banks such as the Federal Reserve, ECB, GBM, CNM and JPMorgan. Historically, Bitcoin price has tracked increases in global M2 liquidity.

Bitcoin and M2 growth
Bitcoin and M2 growth | Source: Coinvo

Global liquidity began growing again as of early 2025. After a period of contraction in 2022 and 2023, M2 growth year over year is becoming positive.

Previous bull runs in 2016–2017 and 2020–2021 have seen Bitcoin’s price climb during these expansion periods, as the previous bull runs also followed similar liquidity growth.

Four clear macro cycles are also seen on the chart. They all start during or just following a spike in global M2 growth. The current increase in liquidity hints that another such cycle is underway. If M2 keeps rising, Bitcoin could continue its run higher, provided it holds above the critical $87,500 support zone.

VanEck Files BNB ETF With SEC—Could This Trigger A Price Breakout?

Jackson Kelley
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0
VanEck Files BNB ETF With SEC—Could This Trigger A Price Breakout?

Key Insights:

  • VanEck has filed for the first-ever spot BNB ETF with the SEC, signaling increased interest in altcoin ETFs.
  • The filing follows VanEck’s previous move to create an AVAX ETF, showing its broader focus on altcoin-based products.
  • The BNB ETF application comes amid a surge of over 70 active altcoin ETF filings currently under SEC review.

VanEck has officially filed for a BNB ETF with the SEC, marking the first attempt at a spot ETF for Binance Coin. The filing reflects a growing push among asset managers to bring altcoin ETFs into the mainstream amid recent market optimism.

As interest in crypto ETFs grows, attention is now turning to whether BNB could benefit from this momentum.

VanEck’s BNB ETF Move Marks New Altcoin ETF Era

VanEck submitted the necessary documents for a BNB ETF after registering a statutory trust in Delaware a few weeks ago. The company continues to demonstrate stability in its altcoin market strategy by taking a similar action after establishing an AVAX ETF earlier. The BNB ETF filing arrives during a surge in similar applications, with over 70 altcoin ETF proposals now in progress.

vaneck bnb etf
Source: sec.gov

The BNB ETF stands out due to BNB’s large market cap and established presence in the crypto ecosystem. BNB’s position seems unaffected by the uncertainty surrounding the approval since the broad exchange network continues to expand.

The application filing continues the forward momentum in the overall altcoin ETF movement, regardless of SEC guidelines.

Various market analysts predict the SEC will issue decisions about these ETF applications during October.

The BNB ETF is unlikely to be decided in the near term, but market participants are already reacting. The current regulatory climate shows better conditions than when exchanges delisted BNB.

BNB Gains Momentum After ETF Filing

The announcement of the BNB ETF coincided with renewed optimism across the crypto market and strategic appearances by industry leaders.

CZ of Binance, along with Jan Van Eck, took part in Token2049 but did not schedule panel participation or arrange direct interactions at the event.

Certain statements made during the conference suggested that Binance might collaborate with VanEck.

Despite Binance’s past legal issues in the U.S., the BNB ETF filing shows the firm’s renewed interest in American financial products. A few US-based platforms halted their BNB support operations during 2023 due to regulatory nuances.

Reestablishing BNB trading on Kraken alongside other platforms transforms public opinions about its authenticity.

This filing aligns with prevalent industry developments at the same time. The effective launch of Bitcoin ETFs enabled additional altcoin products to enter the market.

As the regulatory climate evolves, the BNB ETF could be among the first to benefit from this shift.

Minimal Buying Pressure Seen in BNB Price

BNB closed at $598.44 on May 5, gaining 2.12% on the day amid rising attention to the BNB ETF news. The token shows confined price movements since it has failed to achieve a substantial breakout from this cycle. Potential market transformation can occur from ETF filing timing as momentum builds in the marketplace.

The present technical market signals show a neutral market state. The Relative Strength Index (RSI) measures 50.48 percent, but the RSI-based moving average reaches 52.28 percent.

Market sentiment shows neutral trends because purchasing and selling power remain equal in the current market conditions.

BNB/USD 24-hour price chart
BNB/USD 24-hour price chart | Source: TradingView

The Moving Average Convergence Divergence indicator displays bearish characteristics because the MACD line rests at 0.50 while the signal line stands at 1.17.

A histogram reading of -0.67 indicates weak downward momentum, even though cross-moves might happen soon. This setup could lead to a bullish crossover if the BNB ETF news drives more activity.

According to the +0.07 reading of the Chaikin Money Flow indicator, BNB shows minimal buying pressure. A value above zero generally reflects capital inflows, and this small gain may become significant if the BNB ETF news accelerates demand.

The trend remains weak at present, but it might change swiftly due to decisive regulatory developments.

BNB Futures Show Prolonged Bearish Bias

Coinglass data shows that funding rates for BNB perpetual futures have remained negative since March. Shorts pay the longs over time because of this funding rate pattern, demonstrating bearish market expectations from traders using leverage.

Market sentiment includes bearish and bullish opinions, according to the occasional funding rate positivity shown in the data.

BNB OI-Weighted Funding Rate
BNB OI-Weighted Funding Rate | Source: CoinGlass

The market indecision is evident in the stable pattern of Open Interest (OI) numbers. Participants are waiting for more substantial triggers, and the BNB ETF could be that catalyst. As news circulates, attention may return to whether BNB can break through its recent resistance.

Will ETH Resume Its Rally as Whales Quietly Stack More?

Anuj Bhor
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0
Will ETH Resume Its Rally as Whales Quietly Stack More?

Key Insights:

  • Whales resumed ETH buys, with 1,700 ETH withdrawn from Binance in a fresh $3.1M move.
  • ETH inflows to accumulation wallets hit record highs, signaling rising long-term confidence.
  • Ethereum’s May 7 Pectra upgrade brings one-tap swaps, token gas fees, and biometric access.

Ethereum may be gearing up for a fresh rally as whales quietly return, and accumulation wallets hit record highs. At the same time, the May 7 Pectra upgrade is set to boost usability and mainstream appeal, possibly reigniting demand amid long-term price support and technical strength.

Whale Accumulation Returns After Six-Month Pause

Ethereum has seen renewed whale accumulation as one large holder resumed buying after a six-month break.

According to Lookonchain, this investor withdrew 1,700 ETH, worth $3.1 Million, from Binance just three hours ago. This move has pushed the whale’s total ETH holdings to 5,000 ETH, valued at around $9 Milion.

$ETH
Source: Lookonchain

Although the wallet shows an unrealized loss of $3.6 Million, the new purchase suggests renewed confidence in Ethereum’s price. Most of this whale’s previous activity occurred nine to ten months ago, with multiple large ETH inflows from Binance hot wallets.

The return to accumulation may reflect changing expectations around price movement, especially as key upgrades and institutional interest grow.

Inflows Into Accumulation Wallets Hit New Record

Supporting the whale activity is a sharp increase in ETH inflows into accumulation addresses. Data from CryptoQuant shows a surge in inflows to these addresses, reaching levels never seen before. The recent spike is visibly marked on the chart, showing a steep rise in the volume of ETH moved to long-term holding wallets.

Ethereum inflows
Ethereum inflows into accumulation addresses | Source: CryptoQuant

This activity often signals that holders are moving coins off exchanges to hold for longer periods. These patterns are usually seen when investors expect a future price increase. The chart reveals that previous accumulation spikes often preceded major price recoveries or continued bullish trends.

While ETH’s price has remained under pressure in recent months, the consistent rise in inflows may show rising long-term interest despite near-term uncertainty.

New Ethereum Upgrade Set to Launch May 7

Ethereum is also preparing for a key upgrade called “Pectra,” which is scheduled to go live on May 7. This upgrade focuses on user experience and includes features such as one-transaction swaps, bundled actions like deposit and borrow, and dApp spending caps. It also introduces seedless wallet recovery, gas payments with tokens, and even biometric approval options.

These changes are expected to make Ethereum easier and safer to use. Developers and users have long pointed out that the current process of managing wallets and transactions can be complex.

By improving usability, Pectra could attract more mainstream users and developers. This may increase the use of ETH in decentralized applications and raise demand for the token.

Ethereum also remains the leading platform for tokenizing real-world assets (RWA). As stated in a recent post, “Ethereum continues to serve as the primary hub for RWA tokenization.” This is supported by the ecosystem’s maturity, strong developer base, and infrastructure reliability.

ethereum remains main hub
Source: X

Large financial institutions and platforms are increasingly using Ethereum for tokenising assets like real estate, bonds, and equities. This keeps Ethereum at the center of blockchain adoption in traditional finance.

As more assets are brought on-chain, the demand for ETH as a base settlement asset could continue to rise.

ETH Price Sits in Historical Buy Zone

Technically, Ethereum has reached a level that some analysts refer to as a long-term buy zone. A log regression chart from TradingView shows ETH touching its lower trend band, which has historically acted as a key support. Similar touches in the past were followed by long rallies.

ETH is now priced near $1,800 and sits just above the lowest curved support line on the long-term chart. Previous market cycles show that when ETH taps this zone, it tends to reverse direction and start climbing.

ethereum usd
Source: X

Though past performance doesn’t guarantee future results, the alignment of technical support with increasing accumulation and upcoming upgrades provides context for renewed whale interest.

Will LINK React As Chainlink Rolls Out Rewards With Space & Time?

Maxwell Mutuma
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0
Will LINK React As Chainlink Rolls Out Rewards With Space & Time?

Key Insights:

  • Chainlink has secured over $20.4 trillion in transaction value across blockchains.
  • 100M SXT tokens to be claimed by LINK stakers starting May 8 during Season Genesis.
  • LINK trades at $13.55, down 3.87%, but shows strong long-term support near $14.

Chainlink has locked in more than $20.4 trillion in total transaction value across its network. The adoption is from the official Chainlink dashboard across different blockchains.

As a decentralized oracle network, Chainlink provides essential infrastructure that delivers real-world data to smart contracts.

https://twitter.com/Xfinancebull/status/1919225538222453227

Although Chainlink’s token is gaining popularity, LINK is under short-term market pressure. At the time of writing, LINK is trading at $13.55, down 3.87% in the last 24 hours, according to CoinMarketCap.

The price drop has also led to an increase in daily trading volume to $268.45 Million, which is up 33.51% from the day before. Market capitalization stands at $8.91 Billion.

Strong Base Around $14 Support is Seen on Monthly Chart

On Binance’s monthly chart, LINK has been on a steady uptrend since 2018. The token respects a long-term support trendline, as per the chart. By May 2025, this support is still intact.

chainlink usd
Source: X

Analysts describe the pattern as ‘coiling,’ where price tightens before a move. Yet, there has not been a breakout yet. Targets are marked around $663 and $2,254, but these are not expected short term as resistance levels are far above.

Despite market fluctuations, LINK continues to build within a broader upward trend and holds key structural levels.

Chainlink Rewards Program Debuts With SXT Token Distribution

In other news, the new rewards initiative from Chainlink is aimed at engaging its ecosystem participants.

Chainlink Rewards is a program that lets eligible LINK stakers claim tokens from partnered projects. Space and Time is the first to participate in the network.

As a part of this launch, 200 million SXT, or 4% of Space and Time’s total SXT token supply, has been allocated to Chainlink stakers.

The first phase, Season Genesis, will become available on May 8, 2025, and 100 million SXT will be available for claiming. The claims will be open for 90 days.

https://twitter.com/chainlink/status/1919391686158877086

The remaining 100 million SXT will be distributed in later phases. The next campaign may also return any unclaimed tokens from Season Genesis.

It provides a new way to benefit from participation in securing the network for both historical and active LINK stakers.

Long-Term Growth Strategy Backed by Real-World Use Cases

During an interview, Chainlink’s co-founder Sergey Nazarov spoke about a broader trend of RWA tokenization. Banks are now starting to look at ‘another wave of securitization,’ but this time in the form of tokenization, he said. According to him, it was a “watershed moment” for blockchain.

This development is positioned at the center of Chainlink. The network provides reliable, secure data feeds to automate tokenized asset markets. It also includes pricing, settlement conditions and external data validation through its oracles.

At the same time, the Build program, which underpins Chainlink Rewards, is growing. In exchange for technical support, market exposure, and early product features, projects join Build. In turn, a portion of their token supply is locked up in the Chainlink community.

LINK’s Price Reaction to Network Growth Awaited by Community

The new initiatives and real-world growth haven’t been enough to stop LINK’s short-term price from being under pressure. Yesterday, price fell from $14.15 to $13.55. On CoinMarketCap, the 1-day candle shows a steady downward slope after a short peak.

However, Chainlink’s ecosystem still grows. The rewards program may tighten token supply over time by increasing staking participation.

As more Build partners join future reward campaigns, demand for staking and development with LINK could increase.

First off, May 8 is the date when the first SXT tokens become claimable. During the next 90 days, market participants will most likely pay close attention to staking metrics and price reaction.

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