BTC breaks through $61,000
According to the market, BTC has broken through $61,000 and is now trading at $61,002.26, with a daily increase of 0.37%. The market is volatile, so please be cautious and manage your risks.
Bitcoin volatility plunges below Tesla, Nvidia stocks amid $100K price prediction
Lower Bitcoin market volatility often precedes significant bull runs, suggesting that the current trend could propel prices toward the $100,000 to $150,000 range.
The total open interest of BTC contracts on the entire network is $29.14 billion
According to Coinglass data, the total open position of BTC futures contracts on the whole network is 478,060 BTC, equivalent to 29.14 billion US dollars. Among them, the open position of CME BTC contracts is 133,230 BTC (equivalent to 8.11 billion US dollars), ranking first; the open position of Binance BTC contracts is 110,170 BTC (equivalent to 6.72 billion US dollars), ranking second.
Trader predicts Bitcoin price will reach $350,000
Anonymous cryptocurrency trader Rekt Capital stated that Bitcoin is perfectly repeating the history of 2016, with a downward candlestick appearing below the current re-accumulation range bottom within three weeks after the halving. Rekt stated that the re-accumulation range at this point is any price below $61,081. Timothy Peterson, founder and investment manager of Cane Island Alternative Advisors, pointed out that the price may increase nearly six times by early 2025 as an indicator of Bitcoin's current price from the drop in the all-time high (ATH) chart, which measures the drop in Bitcoin from its peak to its lowest point within a specific time frame. Based on adoption and previous withdrawal patterns, we can speculate that the peak of this cycle within the next 9 months will be between $175,000 and $350,000.
MIIX Capital: Japan has more than 5 million cryptocurrency holders, accounting for 4% of the total population, with BTC and ETH portfolios accounting for the highest proportion
MIIX Capital has released a research report on the Japanese cryptocurrency market, which includes key data such as:
Last week, the US Bitcoin spot ETF purchased 1,318 BTC
According to HODL15Capital, as of May 10th, global Bitcoin spot ETFs held 949,756 BTC. In addition, last week, US Bitcoin spot ETFs purchased 1318 BTC, with only GBTC experiencing capital outflows.
Cointime May 5th News Express
1.The Federal Reserve reduced its balance sheet by $77 billion in April, and the size of its balance sheet fell below $7.4 trillion2.Former Bitmex CEO: Bitcoin will trade between $60,000 and $70,000 before August
3.SLERF total destruction exceeds 7 million USD4.ether.fi large staker initiates pledge withdrawal application for 37,140 ETH5.Web3 digital asset company Alpha Transform Holdings makes strategic investments in Arhasi and Cloudbench
6.A trader spent 402 ETH to buy 732,326 FRIEND, with an unrealized profit of $653,0007.A certain address has sold a total of 677,197 FRIEND airdrops through BunnySwap, making a profit of approximately $1.15 million8.A multi-signature wallet withdrew 915.85 billion PEPE from Binance9.The NFT project Blob team engraved the rune EPIC•EPIC•EPIC•EPIC on the Epic Satoshi block of Bitcoin’s fourth halving10.On-Chain Analyst Predicts Six to Twelve Months of 'Parabolic Advance' for Bitcoin
On-Chain Analyst Predicts Six to Twelve Months of 'Parabolic Advance' for Bitcoin
Checkmate, a prominent on-chain analyst, predicts that Bitcoin's current market cycle will see a parabolic move to the upside in the next six to twelve months. According to Checkmate, Bitcoin is currently in a six-month period of "chopsolidation" before the parabolic advance. Checkmate notes that Bitcoin's history tends to rhyme, and previous cycles have followed a similar pattern. The end of halving years tends to be quite bullish for Bitcoin, and corrections like the one BTC has had since March are par for the course. At the time of writing, Bitcoin is worth $63,433.
Bitcoin network high-priority transaction fees rise to 472 Sat/byte
According to mempool data, the current high priority transaction fee for the Bitcoin network is temporarily reported at 472 Sat/byte.
Is Bitcoin price going to crash again?
Strong technical resistance levels and a high number of profitable traders pose the risk of modest pullbacks in the Bitcoin market.
Bitcoin opens $63K futures gap as thin liquidity threatens BTC price
Bitcoin market participants are doubting the staying power of the ongoing BTC price relief bounce.
Former Bitmex CEO: Bitcoin will trade between $60,000 and $70,000 before August
Arthur Hayes, former CEO of Bitmex, predicts that the Bitcoin trading price will fluctuate between $60,000 and $70,000 by August. Hayes explained that the slow increase of billions of dollars in liquidity each month will suppress negative price changes starting from now. Although I don't think cryptocurrencies will immediately fully realize the inflationary nature of the recent US monetary policy announcement, I expect the price to bottom out, fall, and then slowly rise.
Coinbase CFO: Bitcoin's decline is just an ordinary day in the crypto space, and we are still optimistic in the long term
Coinbase's CFO, Alesia Haas, defended the rising costs of the cryptocurrency exchange and the volatility of the digital asset industry. Despite the company's better-than-expected Q1 performance, the stock price still fell.
BTC breaks through $63,000
The market shows BTC has broken through $63,000 and is currently trading at $63,014.9, with a daily increase of 6.11%. The market is volatile, so please exercise caution in risk management.
A single transaction with a transaction fee of up to 1.5 BTC appeared on the Bitcoin chain
According to on-chain data tracking service monitoring , there has been a single transaction on the Bitcoin network with a transaction fee as high as 1.5 BTC, worth about $100,254. It is reported that the sender of the transaction is an address starting with "bc1p4n" and the recipient is an address starting with "bc1pqv".
A whale withdrew 1,000 BTC from Binance 1 hour ago and has accumulated 4,860 BTC in the past 3 months
The Data Nerd reported that 1 hour ago, Whale 12QV withdrew 1,000 BTC (approximately 59.35 million US dollars) from Binance. In the past 3 months, they have accumulated 4,860 BTC (approximately 294.86 million US dollars) with an average entry price of 60,670 US dollars.
CryptoQuant CEO: Bitcoin whales accumulated 47,000 BTC in the past 24 hours
Ki Young Ju, CEO of CryptoQuant, stated on social media that Bitcoin whales accumulated 47,000 BTC (approximately $2.773 billion) in the past 24 hours.
After the opening of the US stock market tonight, the ETF custody address is expected to have a net outflow of about 579 BTC
As monitored by on-chain analyst Yu Jin, on May 2nd, a total of 11 BTC spot ETFs saw a net outflow of $34.36 million. Correspondingly, after the opening of the US stock market tonight (May 3rd), the ETF custody address is expected to see a net outflow of about 579 BTC:
Arthur Hayes: New U.S. monetary policy will boost crypto market rebound
On May 2nd, BitMEX co-founder Arthur Hayes expressed optimism about the trend of Bitcoin in his latest blog post titled "May Danger". Hayes analyzed in detail the potential impact of recent changes in US monetary policy on the crypto market.
10x Research: Bitcoin may experience another false breakout
10x Research posted on social media that investors should pay attention to potential false break price behavior when Bitcoin is in a triangular consolidation. The relative strength of Bitcoin has fallen to a low of 40% in this adjustment, which is quite similar to the three previous adjustments since the beginning of 2023. 10x Research stated that the institution is redefining its bull-bear boundary price line and may change its previous views. The previous bearish boundary line was $68,300.
