Bitcoin breaks below $70K as liquidations hit $768M and Strategy flows grab focus
Options skew and implied vol firmed as traders watched a $68,600 liquidation pocket and AI tokens diverged from majors.
Options skew and implied vol firmed as traders watched a $68,600 liquidation pocket and AI tokens diverged from majors.
The integration lets Paxos fintech and institutional clients evaluate DOGE, but it does not guarantee listings by Paxos-powered partners.
Glassnode cohort data shows short-term holder supply shrinking since May 19 while the 5y–7y cohort share edged higher.
The flow split revived attention on an unconfirmed Ripple-linked $1B SPAC plan to build an XRP treasury vehicle.
Santiment framed the sustained redemptions as a contrarian “bottoming” signal as ETH ETFs extended a 14-session bleed.
Hyperliquid’s HYPE jumped 19% on the week after ICE CEO Jeffrey Sprecher called it “bigger than NASDAQ.”
The launch starts with two Steakhouse-curated vaults and uses on-device clear-signing for deposits and withdrawals.
Ether slipped under $2,000 while oil jumped, with WTI above $92 and Brent near $98 per barrel.
The ETH-treasury stock holds 872,984 ETH worth about $1.8B and has not reported purchases since October.
US-listed spot Bitcoin ETFs accounted for $1.26B of the $1.43B US outflow, while XRP and Solana ETPs still took in cash.
Traders pointed to $19B+ Intents volume, ~$32M fees, and European ETP inflows as the rally extended.
The outflow hit as XRP stayed boxed between $1.30 support and $1.50 resistance with volatility near mid-2024 lows.
XRP and SOL ETFs also took in fresh money as HYPE rallied and Hyperliquid posted $13.2M in weekly fees.
He cited the foundation’s neutrality mandate and said EF holds about 0.16% of total ETH supply.
ETH’s rising-wedge setup maps a $1,600 downside target by July or August, versus $2,530 near the 200-day EMA on a rebound.
The X thread lands as EF’s BitMine OTC deals total about $47M and ETH trades near $2,117, far below its 2025 high.
Traders now focus on the $2.60–$3 resistance band that must break to keep a $5.75 wedge target in play.
The May 21 listing brings a state-supervised, USD-pegged token into Hong Kong’s licensed venue stack via OTC rails.
CoinGlass data points to over $1.70B in long liquidations below $2,000 as Glassnode whale cohorts hit multi-month lows.
Annualized funding swung from +8% to -3% in days while weekly DEX volume and DApp revenue fell well below January levels.