News linked to both this project and an event.
According to Lookonchain monitoring, the US Bitcoin ETF saw a single-day net outflow of 2,022 BTC, valued at $161.53 million, with a 7-day net inflow of 18,496 BTC, worth $1.48 billion; the Ethereum ETF recorded a single-day net outflow of 34,349 ETH, valued at $78.35 million, with a 7-day net inflow of 73,153 ETH, worth $166.86 million; and the Solana ETF had a single-day net inflow of 76,912 SOL, valued at $6.85 million, with a 7-day net inflow of 368,912 SOL, worth $32.83 million.
Bitcoin has fallen below the $80,000 mark, ending a five-day streak of net inflows into spot ETFs, with the market's rebound momentum from the February low showing signs of cooling.The US added 115,000 non-farm payroll jobs in April, surpassing the expected 62,000, while the unemployment rate held steady at 4.3%. Although the data was relatively strong, it did not significantly alleviate market concerns about macroeconomic uncertainty. Instead, it reinforced the expectation that "energy-driven inflation limits the scope for rate cuts."In terms of capital flows, spot Bitcoin ETFs saw net outflows of $277 million on Thursday, ending a cumulative inflow streak of $1.69 billion. Ethereum ETFs also recorded net outflows of $104 million on the same day, indicating a short-term cooling in institutional risk appetite.On the geopolitical front, tensions between Iran and the US have reignited, prompting the market to reprice the risk associated with the Strait of Hormuz. Crude oil prices have rebounded, partially offsetting the previous support that risk assets had gained from falling oil prices.The derivatives market, meanwhile, reflects a more prolonged hawkish outlook. Interest rate futures pricing suggests over a 50% probability of rate hikes persisting beyond 2027, pushing the potential easing cycle back to 2028.On-chain data shows that the recent Bitcoin rally was primarily driven by institutional spot buying and short covering, with retail participation remaining low. Funding rates have stayed moderate, indicating a relatively weak market momentum structure. Analysts suggest that if retail capital does not return, BTC may still face the risk of retesting the $75,000–$78,000 support range. (The Block)
Bitget PoolX will list the BILL project, with a total airdrop of 5,000,000 BILL tokens. This campaign features two BTC staking pools, open for deposits from May 9 at 19:00 to May 16 at 19:00 (UTC+8). Specifically, the BTC Static Staking Pool allocates 2,250,000 BILL tokens, with a per-user staking cap of 30 BTC; the BTC Dynamic Staking Pool allocates 2,750,000 BILL tokens, with a tiered staking cap determined by users’ trading volume over the past 15 days, and a per-user staking cap of 50 BTC. Additionally, users whose net BTC deposits are positive during the campaign period will receive a 3% BTC interest-boosting coupon upon campaign completion. First-time PoolX participants who meet the net deposit requirement will receive a 10% BTC interest-boosting coupon. The net deposit window runs from May 8 at 19:00 to May 15 at 19:00 (UTC+8). For more details, please refer to the official Bitget platform.
according to Onchain Lens monitoring, a whale opened a long position of 443.42 BTC on Hyperliquid with 20x leverage, with a position value of $35.35 million. The whale previously suffered a loss of $150,000 trading ETH.
According to data from Trader T (@thepfund), Bitcoin spot ETFs recorded a net outflow of $268.46 million yesterday, ending the previous day’s net inflow trend. Fidelity’s FBTC saw the largest outflow at $128.99 million; BlackRock’s IBIT recorded a net outflow of $98.02 million; Grayscale’s GBTC saw a net outflow of $26.78 million; Ark Invest’s ARKB recorded a net outflow of $12.62 million; Invesco’s BTCO had a net outflow of $9.97 million; and VanEck’s HODL experienced a net outflow of $5.10 million. Only Morgan Stanley’s MSBT (+$7.35 million) and Grayscale Mini Bitcoin ETF (+$5.67 million) posted net inflows. Bitwise, Franklin, Valkyrie, and WisdomTree all reported zero net flows for the day.
Strategy (formerly MicroStrategy), led by Michael Saylor, has been accelerating its Bitcoin acquisitions this year. JPMorgan analysts stated that if the current pace continues, the company's total Bitcoin purchases for the year could reach approximately $30 billion. So far this year, Strategy has added 145,834 Bitcoin to its holdings, valued at around $11 billion. Analysis indicates that a significant portion of the company's purchases occurred when Bitcoin was below its average cost of roughly $75,000, reflecting a more "opportunistic" allocation strategy.At the current rate, Strategy's total Bitcoin purchases in 2026 could significantly exceed the approximately $22 billion levels seen in 2024 and 2025. Analysts noted that the company has re-accelerated its buying since April, suggesting its strategy is becoming more dependent on market conditions and financing availability. Meanwhile, Strategy's stock continues to trade at a premium of approximately 26% to its net asset value (NAV), providing favorable conditions for the company to continue purchasing Bitcoin through equity and debt financing. The company currently holds approximately 818,334 BTC, with a total value exceeding $65 billion. (The Block)
according to Lookonchain monitoring, U.S. Bitcoin ETFs recorded a net inflow of 261 BTC today, Ethereum ETFs had a net inflow of 663 ETH, and Solana ETFs saw a net inflow of 240,595 SOL.
investment bank TD Cowen on Thursday raised its price target for Strategy (MSTR) to $395 from $385, believing the market underestimates the capital efficiency of the company’s bitcoin accumulation strategy following its increased issuance of STRC perpetual preferred stock. Analysts Lance Vitanza and Jonnathan Navarrete indicated that the new target still implies over 110% upside from Strategy’s Wednesday closing price of $186.82.The analysis notes that Strategy is gradually reducing common equity financing and increasingly relying on STRC perpetual preferred stock, which yields 11.5%, to fund bitcoin purchases. STRC is also a core component of Michael Saylor’s “42/42 plan,” which aims to raise $42 billion each through equity and fixed-income instruments over three years.TD Cowen believes the market underestimates the effect of the STRC structure on boosting “BTC Yield,” a metric measuring the company’s growth in bitcoin holdings per fully diluted share. The report raised its BTC Yield forecast for Strategy’s fiscal 2026 to 18.2% from 16.7%, and for 2027 to 9.6% from 5.4%. Additionally, analysts argue that concerns about Strategy being a “perpetual dilution machine” are exaggerated. The company’s annual preferred stock dividend payments, currently around $1.5 billion, represent only about 2.2% of the value of its 818,334 BTC reserve.In TD Cowen’s base case scenario, bitcoin is expected to reach $140,000 by the end of 2026. In a bull case, bitcoin could rise to $175,000, with Strategy potentially purchasing over $5 billion in bitcoin per quarter. (The Block)
According to Odaily, crypto market analyst and founder of Into The Cryptoverse, Ben Cowen, stated that the crypto market is experiencing an "extinction event" for millions of altcoins, a process necessary for Bitcoin to enter a sustainable bull market cycle. He believes that the "shitcoin purge" has actually been underway since 2021, but a larger-scale clearance is still needed to restore a healthy market structure. Capital is continuously flowing from high-risk tokens to Bitcoin, with the rising BTC dominance rate serving as a clear signal.Data shows that GeckoTerminal tracks over 25 million deployed tokens, with more than 11.6 million projects failing in 2025 alone, primarily due to the burst of the Meme coin bubble. CoinShares researcher Luke Nolan stated that the claim "95% of tokens are worthless" is reasonable.Although Bitcoin has returned above $81,000, Ben Cowen remains cautious, believing that BTC is still in a bear market phase. He warns that if it fails to hold the key resistance level around $88,880, the price could correct to the $58,000-$62,000 range. Against the backdrop of delayed Fed rate cuts and ongoing geopolitical risks, the crypto market continues to face short-term pressure. "2026 is more likely to be a reset year rather than a year for reaching new highs." (CoinDesk)
Odaily News: Garrett Jin, representative of the "BTC OG Insider Whale," published an analytical article titled "A Painted Ceasefire," warning crypto traders not to be lulled by the surface-level market trends. While the market appears stable, underlying risks are continuously building. He pointed out that following Trump’s visit to China, the window for a US-Iran military conflict could reopen at any time. This current ceasefire is merely a delay in confrontation, not the beginning of favorable developments. Market sentiment is currently highly optimistic, with Saudi Arabia and Iran reaching a cooperation memorandum, impressive earnings reports from tech companies, rising South Korean stocks, and Bitcoin approaching the $82,000-$83,000 range. However, macro-level hidden dangers are gradually emerging: a liquidity drought in large corporate transactions, airline bankruptcies, banks provisioning for potential war losses in advance, and Berkshire Hathaway’s cash reserves hitting a new all-time high. Garrett Jin predicts that late May could be a key turning point. If tech giants continue to exceed performance expectations, the risk window may be delayed until the July earnings season. (Garrettsignal)
Bitcoin briefly approached the key 200-day simple moving average (SMA) around $83,300 on Wednesday but failed to achieve a decisive breakout, subsequently falling back below $81,000. Meanwhile, the broader crypto market weakened, with the CoinDesk Smart Contract Platform Index falling over 2% in the past 24 hours, making it the worst-performing major sector. The 200-day moving average is widely regarded by the market as a key indicator for measuring long-term trends. If BTC can hold above this level, it would further reinforce the market narrative that the bear market, which saw prices fall below $63,000 in February, has ended and a new bull market has begun.However, a similar situation occurred historically in March 2022, when Bitcoin briefly broke above and tested the 200-day moving average before ultimately falling to around $20,000 by June of that year. As a result, some analysts are warning of the risk of a "fakeout."Analytics firm Marex stated that Bitcoin's ability to continue its upward trajectory depends on three factors: sustained spot buying pressure, a continued tightening of exchange supply, and a derivatives market that remains healthy without overheating. If all three factors align positively, Bitcoin could quickly open up the path towards the $85,000 range. Alex Kuptsikevich, Chief Market Analyst at FxPro, noted that this pullback appears more like a brief consolidation within an uptrend rather than an end to the trend. However, he also cautioned that the daily RSI had previously entered overbought territory, and similar instances in the past were accompanied by significant corrections.Additionally, the 10-year US Treasury yield has fallen to 4.32% from its early-month high of 4.46%, which is viewed as a potential positive factor for risk assets. (CoinDesk)
According to on-chain analyst Onchain Lens (@OnchainLens), a newly created wallet withdrew 2,500 BTC from Binance, valued at approximately $202.36 million.
According to on-chain analyst Onchain Lens (@OnchainLens), HyperLiquid whale Loracle.hl currently holds unrealized profits exceeding $8.55 million, with cumulative profits totaling approximately $36 million. Two hours ago, the whale closed a short position on BRENTOIL, realizing profits of over $991,000. Its current positions include: - Long ZEC (10x leverage): $5.9 million unrealized profit - Long TON (5x leverage): $1.88 million unrealized profit - Short CL (10x leverage): $1.8 million unrealized profit - Long BTC (20x leverage): $834,000 unrealized profit - Short HYPE: $1.47 million unrealized loss
According to CoinDesk, Bitcoin has risen from approximately $63,000 to over $80,000 in the past three months, with multiple key indicators now converging on an $85,000 target. On-chain, BTC has broken above two critical support levels—the “Realized Market Value” ($78,200) and the “Short-Term Holder Cost Basis” ($79,100). Research firm Glassnode notes that the next resistance level lies near the Active Realized Price of $85,200. In the futures market, funding rates have shifted from negative to neutral, signaling a clear retreat of prior large-scale short pressure and rising risk of a short squeeze. In the options market, market makers hold roughly $2 billion in “short gamma” exposure near $82,000; rising prices will compel them to continuously hedge by buying BTC, generating positive feedback. However, analysts caution that Bitcoin remains highly correlated with U.S. tech equities—should equity markets shift toward risk-aversion, upward momentum could be dampened.
According to data from Trader T (@thepfund), yesterday’s net inflow into Bitcoin spot ETFs totaled $45.85 million. BlackRock’s $IBIT led with $134 million in inflows, while most other products performed poorly: Fidelity’s $FBTC saw outflows of $38.95 million, Bitwise’s $BITB recorded $25.18 million in outflows, Grayscale’s $GBTC experienced $17.1 million in outflows, and Franklin Templeton’s $EZBC had $7.05 million in outflows. Meanwhile, products from Morgan Stanley, Ark Invest, Invesco, and VanEck all registered zero net flows for the day.
on-chain data platform Glassnode indicates that Bitcoin whales' net long positions on Hyperliquid have reached a new high for 2026.Data shows that whales have been continuously increasing their long positions recently, continuing the bullish trend that followed last month's Bitcoin price breakout. The total whale positions on the platform currently stand at approximately $3.5 billion, with long positions slightly exceeding shorts.Analysts believe that the movement of Hyperliquid whales is often viewed as a market sentiment indicator. The current overall liquidation scale is relatively low and is mainly concentrated in short positions, reflecting a bullish market atmosphere.
According to on-chain analyst Onchain Lens (@OnchainLens), a Bitcoin OG has deposited 166,023 ETH—worth approximately $394.69 million—into Binance. The address still holds 381,695 ETH, valued at approximately $907.2 million.
According to on-chain analytics platform Lookonchain (@lookonchain), due to the BTC price increase, the trading address 0x128e has closed a short position of 250 BTC, with a position value of approximately $20.32 million and a loss of $308,000. Subsequently, this address withdrew the remaining $191,500 from Hyperliquid.
Odaily Odaily News According to on-chain analyst Yi's monitoring, the whale "Set 10 Big Goals First" (@Jason60704294) turned from long to short again yesterday afternoon, opening a short position of 501.65 BTC at $80,837.9, worth $40.55 million. The position has now been closed, with an estimated loss of $610,000. In addition, the community speculates that a short position of 2,355.56 BTC executed by Binance at a similar time at $80,835, worth $190 million, also belongs to this whale. If confirmed, this would result in a loss of $2.867 million.
a CryptoQuant analyst stated, "$93,000 is the key upside target for Bitcoin. CME gaps are not guarantees but signals. They represent areas where positioning, liquidity, and market psychology converge, making them key reference points for future price movements."