Category: Cryptocurrency News

On-chain data shows the Bitcoin short-term holder whales have recently been entering at three times higher prices than the cost basis of the long-term holder whales. New Bitcoin Whales Have Cost Basis Around $91,900 In a new post on X, CryptoQuant author Axel Adler Jr has discussed how the Realized Price compares between the two major sides of the whale cohort on the Bitcoin network. The “Realized Price” here refers to an indicator that keeps track of the cost basis or acquisition level of the average investor in the BTC market. When the value of this metric is above the spot price of the asset, it means the holders as a whole are carrying a net unrealized loss. Similarly, the indicator being under the coin’s value suggests the dominance of profit among the investors. Related Reading: Bitcoin Derivatives In The Driver’s Seat For $100,000 Rally, Data Shows In the context of the current topic, the Realized Price of the entire sector isn’t of interest, but rather that of two specific investor cohorts: the short-term holder and long-term holder whales. The short-term holders (STHs) and long-term holders (LTHs) make up the two main divisions of the BTC network based on the basis of holding time. All investors who purchased their coins within the past 155 days are put into the STHs, while those who surpass this threshold mature into the LTHs. The STHs and LTHs of focus here aren’t just any ordinary investors, but rather the “whales,” entities who are carrying more than 1,000 BTC ($103.3 million) in their balance. Now, here is a chart that shows the trend in the Bitcoin Realized Price for the STH and LTH whales over the past few years: As is visible in the above graph, the Bitcoin Realized Price of the whales who got in during the past 155 days stands at $91,900 at the moment. With BTC’s recent recovery rally, the spot price has gained a notable distance above this line, so the cohort should be comfortably in the green now. That said, their situation is nowhere near as good as that of the veteran whales, who have their cost basis at just $32,200. This indicates that there is a spread of a whopping 185% between the bottom line of the two groups. According to the analyst, this indicates a growing confidence and FOMO among the investors, which is driving them to buy at even the recent high prices. This trend is in sharp contrast to the 2022 bear market, where the difference between the cost basis of the two groups fell to just 65%. Related Reading: Bitcoin Resistance Limited Beyond $100,000, On-Chain Data Suggests It now remains to be seen whether demand from the new whales will continue to be strong in the near future, potentially driving up the spread between the cohorts further. Back in the 2021 bull market, the gap peaked at 437%. BTC Price With the latest continuation of the recovery rally, Bitcoin has managed to reclaim the $103,000 level. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

Fellow Dudes! I mean Police Officers!! The price of ETH is going up, which is great! The Pectra upgrade has happened, which is also great! Question: Other than just the Uniswap Dex running on the Ethereum Blockchain, what other exciting projects are being developed on the Ethereum Blockchain to give it real world use cases???…
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Ripple’s CEO pushes for urgent U.S. action as stablecoins skyrocket globally, warning that without clear rules, America risks falling behind in the digital currency race. Ripple CEO Urges Congress to Act Fast as Stablecoins Erupt Worldwide Ripple chief executive Brad Garlinghouse raised alarms on social media platform X Thursday, following the U.S. Senate’s failure to […]

Strategy founder Michael Saylor says Bitcoin hasn’t reached $150,000 yet because holders without a long-term outlook have been selling off while a new cohort of investors are beginning to enter the market.“I think we’re going through a rotation right now,” Saylor said on the Coin Stories podcast with Natalie Brunell on May 9.The lack of “10-year investor mindset” led to Bitcoin sell-offSaylor said “lots of non-economically interested parties are rotating out of the asset.” However, at the same time, “a new cohort of investors are entering.” “A lot of Bitcoin, for whatever reason, was left in the hands of the governments and the hands of lawyers, and in the hands of bankruptcy trustees,” he added.Strategy’s Michael Saylor spoke to Natalie Brunell on the Coin Stories podcast. Source: Natalie BrunellSaylor said that many of these trustees do not have a “10-year investors mindset,” and as Bitcoin’s (BTC) price began to rally, they took advantage and “thought this is a good exit point to get liquidity.”“So I think people less committed to the long term have taken the opportunity to exit the market and a whole new class of investors are entering by way of ETFs and by way of Bitcoin treasury companies.”After Bitcoin reached its all-time high of $109,000 on Jan. 20 just hours before US President Donald Trump’s presidential inauguration, it experienced a downtrend, falling as low as $76,273 on April 9, before starting to show signs of recovery.On May 8, Bitcoin reclaimed $100,000 for the first time since Feb. 1 after US President Donald Trump proposed tariffs. The recent price surge has pushed Strategy’s Bitcoin holdings to 50.27% above their average Bitcoin purchase price of $68,569. At the time of publication, the firm holds 555,450 Bitcoin, valued at approximately $57.23 billion, according to Saylor Tracker data.Saylor is surprised at US government sentiment shiftSpot Bitcoin ETFs posted $564.7 in inflows over the past five trading days, according to Farside data.Meanwhile, Saylor said he’s not surprised the US government hasn’t yet bought Bitcoin for its Strategic Bitcoin Reserve which Trump signed an executive order for on March 7. The reserve is holding Bitcoin that was forfeited as part of criminal or civil asset forfeiture proceedings.However, Saylor didn’t anticipate their stance to change so quickly following Trump’s inauguration.Related: Strive to become Bitcoin treasury company“I was surprised that the US embraced Bitcoin as radically as it has over the last six months, I think I didn’t expect all the Cabinet members to be so enthusiastic,” he said.Magazine: ChatGPT a ‘schizophrenia-seeking missile,’ AI scientists prep for 50% deaths: AI Eye

Strategy founder Michael Saylor says Bitcoin hasn’t reached $150,000 yet because holders without a long-term outlook have been selling off while a new cohort of investors are beginning to enter the market.“I think we’re going through a rotation right now,” Saylor said on the Coin Stories podcast with Natalie Brunell on May 9.The lack of “10-year investor mindset” led to Bitcoin sell-offSaylor said “lots of non-economically interested parties are rotating out of the asset.” However, at the same time, “a new cohort of investors are entering.” “A lot of Bitcoin, for whatever reason, was left in the hands of the governments and the hands of lawyers, and in the hands of bankruptcy trustees,” he added.Strategy’s Michael Saylor spoke to Natalie Brunell on the Coin Stories podcast. Source: Natalie BrunellSaylor said that many of these trustees do not have a “10-year investors mindset,” and as Bitcoin’s (BTC) price began to rally, they took advantage and “thought this is a good exit point to get liquidity.”“So I think people less committed to the long term have taken the opportunity to exit the market and a whole new class of investors are entering by way of ETFs and by way of Bitcoin treasury companies.”After Bitcoin reached its all-time high of $109,000 on Jan. 20 just hours before US President Donald Trump’s presidential inauguration, it experienced a downtrend, falling as low as $76,273 on April 9, before starting to show signs of recovery.On May 8, Bitcoin reclaimed $100,000 for the first time since Feb. 1 after US President Donald Trump proposed tariffs. The recent price surge has pushed Strategy’s Bitcoin holdings to 50.27% above their average Bitcoin purchase price of $68,569. At the time of publication, the firm holds 555,450 Bitcoin, valued at approximately $57.23 billion, according to Saylor Tracker data.Saylor is surprised at US government sentiment shiftSpot Bitcoin ETFs posted $564.7 in inflows over the past five trading days, according to Farside data.Meanwhile, Saylor said he’s not surprised the US government hasn’t yet bought Bitcoin for its Strategic Bitcoin Reserve which Trump signed an executive order for on March 7. The reserve is holding Bitcoin that was forfeited as part of criminal or civil asset forfeiture proceedings.However, Saylor didn’t anticipate their stance to quickly change so positively following Trump’s inauguration.Related: Strive to become Bitcoin treasury company“I was surprised that the US embraced Bitcoin as radically as it has over the last six months, I think I didn’t expect all the Cabinet members to be so enthusiastic,” he said.Magazine: ChatGPT a ‘schizophrenia-seeking missile,’ AI scientists prep for 50% deaths: AI Eye

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Bitcoin was back in the news this week after surging past $104,000 before retracting a bit. The rally, which started around May 7, propelled the world’s largest cryptocurrency from $93,000 to as much as $104,000 by May 9. Related Reading: Binance Buzz: Pi Coin Wallet Activity Triggers Listing Rumors After retreating 4% in the following 24 hours, Bitcoin still maintained a weekly gain of around 6%. That short-term action is now driving larger predictions, including one that forecasts Bitcoin will increase another 10 times in value. Another 10x Jump ‘Inevitable,’ Expert Says Muneeb Ali, the brains behind the Bitcoin Layer 2 solution Starks, thinks the next giant leap is imminent. In his opinion, Bitcoin has already taken three distinct steps in its price trajectory: from $100 to $1,000, then to $10,000, and then to over $100,000. i’ve seen bitcoin go: – from $100 to $1,000. – from $1,000 to $10,000. – from $10,000 to $100,000. one more 10x to $1,000,000 is inevitable. — muneeb.btc (@muneeb) May 8, 2025 Ali pointed out how each move took more time but followed a familiar pattern. In 2013, Bitcoin climbed from $100 to $1,000 in four months. Four years later, in 2017, it reached $10,000. By December 2024, it had crossed the $100,000 mark. Based on that path, Ali said another 10x jump to $1 million isn’t just likely — it’s “inevitable”. However, he didn’t explain what would actually drive that kind of rise. New Projection Sees $116K Next Month The latest Bitcoin price forecast by CoinCodex has the price increasing by 13% and hitting $116,600 on June 8, 2025. Technical analysis indicates a positive trend, with 20 of the past 30 days (67%) closing in the positive. During the same timeframe, Bitcoin recorded 6.50% price volatility. Source: Alternative.me The Fear & Greed Index is currently at 73, which is Greed. Though this prediction is not quite hinting at reaching $1 million yet, it validates the notion that there is still space for Bitcoin to rise in the near future. Related Reading: Tether’s $1 Billion Mint Powers Tron — Is A Breakout Brewing? A US Government Buy-In Could Speed Things Up Zack Shapiro, a Bitcoin Policy Institute lawyer, also thinks that Bitcoin has a lot of potential — and quick. He studied a bill called the Bitcoin Act, which was reintroduced last March. The bill proposes the US government to purchase 1 million BTC within five years. That represents 5% of the total supply. If passed, the bill would fund the acquisition using profits from gold revaluation. Shapiro indicated that a plan like that would fuel demand so high it drives Bitcoin to $1 million earlier than anticipated. That’s provided that the bill gains momentum and secures the financing it requires. Featured image from Gemini Imagen, chart from TradingView

Key takeaways:ETH price rallied by 22% on May 8, but demand for spot ETH ETFs and derivatives remains muted. President Trump’s reversal on certain altcoins aligns with ETH’s renewed outlook. Ether (ETH) posted an impressive 29% gain between May 8 and May 9, likely marking the end of a 10-week bear market that bottomed out at $1,385 on April 9. This sharp move triggered the liquidation of over $400 million in short (sell) ETH futures positions, suggesting that whales and market makers were caught off guard.Despite the surge, traders have maintained a neutral stance in ETH derivatives. Whether this apparent lack of conviction reflects a genuine trend reversal or merely precedes another test of the $2,000 level remains to be seen.Ether 3-month futures annualized premium. Source: laevitas.chThe ETH futures premium has yet to exceed the 5% threshold typically associated with a neutral market, indicating that demand for leveraged bullish positions remains notably limited. ETH’s continued underperformance—trailing the altcoin market capitalization by 17% in 2025—helps explain the prevailing lack of investor confidence.Some analysts interpret this as an opening for further short covering, while others contend that Ethereum’s core fundamentals have yet to improve meaningfully.Ethereum maintains leadership in decentralization and TVLIrrespective of Ether’s price action, recent network upgrades have notably enhanced layer-2 scalability. More importantly, they have helped solidify Ethereum’s position as the leading platform in terms of decentralization and security. This is reflected in Ethereum’s total value locked (TVL), which stands at $64 billion. For comparison, the three largest direct competitors—Solana, BNB Chain, and Tron—collectively hold a total value locked (TVL) of $22.3 billion. The limited demand for spot Ether exchange-traded funds (ETFs) has emerged as a key warning sign. Even Ether’s strongest single-day price performance in four years failed to prevent a third consecutive day of net outflows, according to data from Farside Investors. On May 8 alone, US-listed Ether spot ETFs experienced net outflows totaling $16 million.Ether US-listed spot ETFs’ daily net flows, USD million. Source: Farside InvestorsThe muted enthusiasm following Ether’s recent bullish momentum can be partly attributed to the sharp 85% drop in Ethereum network fees from January to April. Reduced network activity lowers overall demand for ETH and negatively affects net staking yields, as the protocol’s burn mechanism relies on competition for data processing.ETH options markets also offer insight into whether whales and market makers anticipate further downside risks. Deribit 30-day ETH options delta skew (put-call). Source: Laevitas.chCurrently, put (sell) options are trading at similar levels to equivalent call (buy) options, indicating a neutral sentiment. This outcome is somewhat discouraging for Ether bulls. Nevertheless, Ether could regain market attention after US President Donald Trump reversed his position following earlier public endorsements of competing altcoins.Related: Ether clocks ‘insane’ 20% candle post Pectra — A turning point?According to a Politico report published on May 8, President Trump felt he had been “used” and had severed ties with the lobbyist who reportedly proposed the idea of a strategic crypto reserve. While Trump’s social media post on March 2 specifically mentioned Solana (SOL), Cardano (ADA), and XRP, the subsequent March 6 “Digital Asset Stockpile” Executive Order struck a much more reserved tone.Despite the evident apathy in both the Ether derivatives market and spot ETF flows, a rally toward the $2,700 level remains plausible—especially if investor sentiment shifts in response to the failed lobbying efforts undertaken by some of Ethereum’s competitors.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Key takeaways:ETH price rallied by 22% on May 8, but demand for spot ETH ETFs and derivatives remains muted. President Trump’s reversal on certain altcoins aligns with ETH’s renewed outlook. Ether (ETH) posted an impressive 29% gain between May 8 and May 9, likely marking the end of a 10-week bear market that bottomed out at $1,385 on April 9. This sharp move triggered the liquidation of over $400 million in short (sell) ETH futures positions, suggesting that whales and market makers were caught off guard.Despite the surge, traders have maintained a neutral stance in ETH derivatives. Whether this apparent lack of conviction reflects a genuine trend reversal or merely precedes another test of the $2,000 level remains to be seen.Ether 3-month futures annualized premium. Source: laevitas.chThe ETH futures premium has yet to exceed the 5% threshold typically associated with a neutral market, indicating that demand for leveraged bullish positions remains notably limited. ETH’s continued underperformance—trailing the altcoin market capitalization by 17% in 2025—helps explain the prevailing lack of investor confidence.Some analysts interpret this as an opening for further short covering, while others contend that Ethereum’s core fundamentals have yet to improve meaningfully.Ethereum maintains leadership in decentralization and TVLIrrespective of Ether’s price action, recent network upgrades have notably enhanced layer-2 scalability. More importantly, they have helped solidify Ethereum’s position as the leading platform in terms of decentralization and security. This is reflected in Ethereum’s total value locked (TVL), which stands at $64 billion. For comparison, the three largest direct competitors—Solana, BNB Chain, and Tron—collectively hold a total value locked (TVL) of $22.3 billion. The limited demand for spot Ether exchange-traded funds (ETFs) has emerged as a key warning sign. Even Ether’s strongest single-day price performance in four years failed to prevent a third consecutive day of net outflows, according to data from Farside Investors. On May 8 alone, US-listed Ether spot ETFs experienced net outflows totaling $16 million.Ether US-listed spot ETFs’ daily net flows, USD million. Source: Farside InvestorsThe muted enthusiasm following Ether’s recent bullish momentum can be partly attributed to the sharp 85% drop in Ethereum network fees from January to April. Reduced network activity lowers overall demand for ETH and negatively affects net staking yields, as the protocol’s burn mechanism relies on competition for data processing.ETH options markets also offer insight into whether whales and market makers anticipate further downside risks. Deribit 30-day ETH options delta skew (put-call). Source: Laevitas.chCurrently, put (sell) options are trading at similar levels to equivalent call (buy) options, indicating a neutral sentiment. This outcome is somewhat discouraging for Ether bulls. Nevertheless, Ether could regain market attention after US President Donald Trump reversed his position following earlier public endorsements of competing altcoins.Related: Ether clocks ‘insane’ 20% candle post Pectra — A turning point?According to a Politico report published on May 8, President Trump felt he had been “used” and had severed ties with the lobbyist who reportedly proposed the idea of a strategic crypto reserve. While Trump’s social media post on March 2 specifically mentioned Solana (SOL), Cardano (ADA), and XRP, the subsequent March 6 “Digital Asset Stockpile” Executive Order struck a much more reserved tone.Despite the evident apathy in both the Ether derivatives market and spot ETF flows, a rally toward the $2,700 level remains plausible—especially if investor sentiment shifts in response to the failed lobbying efforts undertaken by some of Ethereum’s competitors.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Explosive institutional demand and surging ETF inflows have shattered legacy market models, triggering a dramatic reversal from a top analyst and setting the stage for bitcoin’s next breakout. Massive Institutional Demand Forces Top Analyst to Flip on Bitcoin Bull Cycle Bitcoin’s resilience in recent weeks has prompted a sharp change in outlook from one of […]